Insider Selling: Christopher Michael Ryan Sells 2,558 Shares of Gevo Stock (GEVO)
Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan sold 2,558 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.29, for a total transaction of $3,299.82. Following the completion of the sale, the chief operating officer now directly owns 261,497 shares of the company’s stock, valued at approximately $337,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) traded up 1.56% on Friday, hitting $1.30. 660,672 shares of the company’s stock traded hands. Gevo has a 52 week low of $1.12 and a 52 week 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 issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.34) earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted ($0.31) earnings per share. The company’s quarterly revenue was up 100.5% on a year-over-year basis. Analysts expect that Gevo will post $-1.48 EPS 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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