Gevo (NASDAQ:GEVO) Director Gary Mize Sells 107,100 Shares

Gevo, Inc. (NASDAQ:GEVO) Director Gary Mize sold 107,100 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.33, for a total value of $249,543.00. Following the sale, the director directly owned 281,226 shares of the company’s stock, valued at $655,256.58. This represents a 27.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gevo Stock Performance

Shares of NASDAQ GEVO traded down $0.11 during trading on Friday, hitting $2.33. The company had a trading volume of 3,276,110 shares, compared to its average volume of 3,205,396. Gevo, Inc. has a 12 month low of $0.92 and a 12 month high of $2.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82. The firm has a market capitalization of $564.56 million, a P/E ratio of -17.88 and a beta of 1.51. The stock has a 50 day simple moving average of $1.97 and a 200 day simple moving average of $2.05.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%.The company had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. As a group, analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

GEVO has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Northland Securities reiterated an “outperform” rating and issued a $3.00 price target on shares of Gevo in a research note on Wednesday, December 31st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Key Client Fiduciary Advisors LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $25,000. Berger Financial Group Inc bought a new position in shares of Gevo during the fourth quarter worth $26,000. BNP Paribas Financial Markets grew its stake in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after acquiring an additional 12,136 shares in the last quarter. Franklin Resources Inc. bought a new stake in Gevo in the 4th quarter valued at $28,000. Finally, Legal & General Group Plc purchased a new stake in Gevo in the 2nd quarter worth $28,000. 35.17% of the stock is currently owned by institutional investors.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.