Gevo, Inc. (NASDAQ:GEVO – Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.40, for a total transaction of $88,239.20. Following the transaction, the chief financial officer owned 491,116 shares of the company’s stock, valued at approximately $687,562.40. This represents a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Oluwagbemileke Yusuf Agiri also recently made the following trade(s):
- On Wednesday, May 27th, Oluwagbemileke Yusuf Agiri sold 31,958 shares of Gevo stock. The shares were sold at an average price of $1.77, for a total value of $56,565.66.
Gevo Stock Up 2.1%
NASDAQ GEVO traded up $0.03 during trading hours on Monday, hitting $1.43. 3,021,834 shares of the company traded hands, compared to its average volume of 3,593,225. The stock has a market capitalization of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. Gevo, Inc. has a twelve month low of $1.12 and a twelve month high of $2.97. The business’s 50-day moving average is $1.82 and its 200-day moving average is $2.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Zacks Research lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.75.
Read Our Latest Report on Gevo
Institutional Trading of Gevo
Several institutional investors and hedge funds have recently bought and sold shares of GEVO. Nuveen LLC raised its stake in Gevo by 107.7% in the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after buying an additional 2,146,019 shares during the period. Invesco Ltd. raised its stake in Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after buying an additional 1,719,381 shares during the period. Goldman Sachs Group Inc. raised its stake in Gevo by 118.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock valued at $5,719,000 after buying an additional 1,548,302 shares during the period. Bank of America Corp DE raised its stake in Gevo by 166.1% in the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after buying an additional 1,364,924 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Gevo by 153.8% in the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after buying an additional 1,342,400 shares during the period. Institutional investors own 35.17% of the company’s stock.
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.
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