Gevo CEO Patrick R. Gruber Sells 7,310 Shares (GEVO)
Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber sold 7,310 shares of the stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.29, for a total transaction of $9,429.90. Following the completion of the sale, the chief executive officer now directly owns 271,091 shares in the company, valued at approximately $349,707. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Gevo (NASDAQ:GEVO) traded up 1.56% on Friday, hitting $1.30. The stock had a trading volume of 660,672 shares. Gevo has a one year low of $1.12 and a one year high of $2.75. The stock’s 50-day moving average is $1.40 and its 200-day moving average is $1.71. The company’s market cap is $60.0 million.
Gevo (NASDAQ:GEVO) last announced its earnings results on Tuesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.01. The company had revenue of $1.13 million for the quarter, compared to the consensus estimate of $1.09 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s revenue for the quarter was up 100.5% on a year-over-year basis. On average, analysts predict that Gevo will post $-1.48 earnings per share for the current fiscal year.
Separately, analysts at Cowen and Company cut their price target on shares of Gevo from $2.00 to $1.35 in a research note to investors on Friday, December 27th.
Gevo, Inc, is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products.
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