Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells $20,797.98 in Stock

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) insider Kimberly T. Bowron sold 15,071 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $1.38, for a total value of $20,797.98. Following the completion of the sale, the insider now owns 248,821 shares in the company, valued at approximately $343,372.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Price Performance

GEVO opened at $1.34 on Monday. Gevo, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.28. The company’s 50-day moving average is $1.55 and its 200 day moving average is $1.51. The firm has a market capitalization of $318.12 million, a P/E ratio of -3.12 and a beta of 3.07.

Get Gevo alerts:

Gevo (NASDAQ:GEVO – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The energy company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.39 million. Gevo had a negative return on equity of 16.82% and a negative net margin of 1,105.89%. During the same period last year, the business posted ($0.06) earnings per share. On average, equities research analysts expect that Gevo, Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Gevo by 48.2% during the second quarter. State Street Corp now owns 35,309,857 shares of the energy company’s stock valued at $82,978,000 after purchasing an additional 11,479,096 shares during the period. Millennium Management LLC lifted its holdings in shares of Gevo by 5,722.1% during the fourth quarter. Millennium Management LLC now owns 3,405,121 shares of the energy company’s stock valued at $6,470,000 after purchasing an additional 3,346,635 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Gevo during the third quarter valued at $4,875,000. BlackRock Inc. boosted its position in shares of Gevo by 7.4% during the second quarter. BlackRock Inc. now owns 28,787,567 shares of the energy company’s stock valued at $43,757,000 after buying an additional 1,994,123 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Gevo by 13.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,458,518 shares of the energy company’s stock worth $28,406,000 after buying an additional 1,442,541 shares in the last quarter. Institutional investors own 42.67% of the company’s stock.

Wall Street Analyst Weigh In

GEVO has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Gevo from $3.00 to $3.40 and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Northland Securities began coverage on Gevo in a research note on Monday, August 21st. They set a “market perform” rating and a $2.00 target price for the company. Finally, HC Wainwright reduced their price target on Gevo from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Gevo has a consensus rating of “Hold” and an average target price of $4.79.

Get Our Latest Analysis on GEVO

Gevo Company Profile

(Get Free Report)

Gevo, Inc operates as a renewable fuels company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company offers renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

Recommended Stories

• Five stocks we like better than Gevo
• Your Comprehensive Guide to Investing in Bank Stocks
• 2 Stocks to Get You Ready for the Holiday Season
• The How and Why of Investing in Gold Stocks
• Profit Potential: 5 Undervalued Stocks With High Dividend Yields
• Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
• MarketBeat Week in Review – 8/21 – 8/25

Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.