Kimberly Bowron Sells 15,470 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly Bowron sold 15,470 shares of Gevo stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.43, for a total transaction of $22,122.10. Following the sale, the insider owned 696,295 shares in the company, valued at approximately $995,701.85. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gevo Price Performance

GEVO stock traded up $0.03 during trading on Monday, hitting $1.43. The company had a trading volume of 3,021,834 shares, compared to its average volume of 3,593,225. The business has a 50 day moving average of $1.82 and a 200 day moving average of $2.00. The firm has a market capitalization of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.51 and a debt-to-equity ratio of 0.37. Gevo, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. As a group, research analysts predict that Gevo, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on GEVO shares. Northland Securities set a $3.50 target price on Gevo and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. UBS Group restated a “neutral” rating and issued a $2.00 price objective (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Finally, Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rafferty Asset Management LLC acquired a new position in shares of Gevo in the 3rd quarter worth $561,000. State of Wyoming lifted its holdings in shares of Gevo by 389.6% during the first quarter. State of Wyoming now owns 139,543 shares of the energy company’s stock valued at $381,000 after purchasing an additional 111,041 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Gevo during the first quarter valued at $46,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Gevo in the 1st quarter valued at $49,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Gevo in the 1st quarter worth about $28,000. Institutional investors own 35.17% of the company’s stock.

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.