Key Points
- CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of Gevo on December 5 at an average price of $2.31 (proceeds ~$169,286), reducing his stake by 21.27% to 271,224 shares; the sale was disclosed in an SEC filing.
- Gevo beat revenue estimates but remains unprofitable: the company reported EPS of ($0.03) and revenue of $42.71M (vs. $26.82M est.), has a negative net margin (37.33%) and trades around $2.23 with a ~$540M market cap, while analysts carry an average "Moderate Buy" rating and $6.42 price target.
Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the company's stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $2.31, for a total value of $169,286.04. Following the completion of the transaction, the chief financial officer directly owned 271,224 shares in the company, valued at approximately $626,527.44. The trade was a 21.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gevo Stock Down 2.6%
Shares of Gevo stock opened at $2.23 on Tuesday. The firm has a market cap of $540.35 million, a price-to-earnings ratio of -11.15 and a beta of 1.44. The stock has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $1.76. Gevo, Inc. has a 52-week low of $0.92 and a 52-week high of $2.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60.
Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $42.71 million for the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. On average, equities research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GEVO has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. Northland Securities started coverage on Gevo in a research report on Monday, December 1st. They issued an "outperform" rating and a $3.00 price target for the company. UBS Group increased their price objective on Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a report on Wednesday, September 17th. Zacks Research raised Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Northland Capmk raised Gevo to a "strong-buy" rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $6.42.
View Our Latest Research Report on GEVO
Hedge Funds Weigh In On Gevo
Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock worth $123,000 after purchasing an additional 9,249 shares during the last quarter. BNP Paribas Financial Markets increased its position in 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 period. Squarepoint Ops LLC lifted its holdings in shares of Gevo by 133.9% during the third quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company's stock worth $51,000 after buying an additional 14,773 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Gevo in the third quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Gevo by 343.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company's stock valued at $43,000 after acquiring an additional 16,926 shares during the period. 35.17% of the stock is currently owned by institutional investors.
Gevo Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
