Gevo (NASDAQ:GEVO) Director Sells $250,000.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director Angelo Amorelli sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the transaction, the director owned 2,942 shares of the company’s stock, valued at approximately $7,355. The trade was a 97.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Trading Down 6.4%

GEVO opened at $2.47 on Friday. The stock has a market cap of $597.34 million, a PE ratio of -9.50 and a beta of 2.13. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $1.93 and a 200-day moving average of $1.48. Gevo, Inc. has a 52 week low of $0.92 and a 52 week high of $3.39.

Gevo (NASDAQ:GEVO) last released its earnings results on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $43.41 million during the quarter, compared to analysts’ expectations of $43.69 million. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%. Equities research analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. UBS Group raised their price objective on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Wednesday. Finally, Wall Street Zen raised Gevo from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.13.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of Gevo in the 2nd quarter worth $26,000. BNP Paribas Financial Markets boosted its stake in shares of Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after buying an additional 12,136 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Gevo in the 2nd quarter worth $28,000. Engineers Gate Manager LP purchased a new position in shares of Gevo in the 2nd quarter worth $30,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Gevo in the 2nd quarter worth $31,000. Institutional investors 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.