Gevo (NASDAQ:GEVO) Insider Lindsay Clinton Fitzgerald Sells 20,000 Shares

Gevo, Inc. (NASDAQ:GEVO) insider Lindsay Clinton Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the transaction, the insider directly owned 212,199 shares of the company’s stock, valued at $532,619.49. The trade was a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gevo Trading Down 2.3%

Shares of Gevo stock traded down $0.06 during mid-day trading on Friday, hitting $2.38. 3,608,685 shares of the stock were exchanged, compared to its average volume of 3,213,236. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $2.95. The stock has a market capitalization of $576.70 million, a price-to-earnings ratio of -18.04 and a beta of 1.51. The company has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $2.05. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GEVO shares. Northland Securities reiterated an “outperform” rating and issued a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. Wall Street Zen cut Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.42.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 worth $30,350,000 after buying an additional 455,543 shares during the period. State Street Corp grew its position in Gevo by 12.6% during the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after acquiring an additional 944,287 shares during the period. Invesco Ltd. increased its stake in Gevo by 41.3% during the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after acquiring an additional 1,719,381 shares during the last quarter. Geode Capital Management LLC increased its stake 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 during the last quarter. Finally, Nuveen LLC raised its holdings in shares of Gevo by 107.7% in the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after purchasing an additional 2,146,019 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Gevo Company Profile

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.