Gevo (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri Sells 73,284 Shares

Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $2.31, for a total transaction of $169,286.04. Following the completion of the sale, the chief financial officer owned 271,224 shares in the company, valued at approximately $626,527.44. This trade represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gevo Trading Down 2.6%

Shares of GEVO stock traded down $0.06 on Monday, hitting $2.23. The stock had a trading volume of 2,923,366 shares, compared to its average volume of 5,022,253. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $2.98. The company has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $1.75. The firm has a market cap of $540.35 million, a P/E ratio of -11.15 and a beta of 1.44.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%.The business had revenue of $42.71 million for the quarter, compared to the consensus estimate of $26.82 million. As a group, analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on GEVO shares. Wall Street Zen upgraded shares of Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. UBS Group upped their target price on shares of Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Northland Securities started coverage on Gevo in a research note on Monday, December 1st. They issued an “outperform” rating and a $3.00 price target on the stock. Finally, Northland Capmk raised Gevo to a “strong-buy” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.42.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Gevo by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after buying an additional 455,543 shares during the last quarter. Geode Capital Management LLC raised its position in Gevo by 104.5% during the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after acquiring an additional 2,873,940 shares in the last quarter. Invesco Ltd. lifted its stake in Gevo by 6.3% in the third quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company’s stock valued at $8,153,000 after acquiring an additional 244,983 shares during the last quarter. Millennium Management LLC grew its position in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after acquiring an additional 61,919 shares during the period. Finally, First Bank & Trust acquired a new position in shares of Gevo during the 3rd quarter worth about $6,007,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.