Gevo COO Sells $1,998 in Stock (GEVO)
Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan sold 1,514 shares of the stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $1.32, for a total transaction of $1,998.48. Following the sale, the chief operating officer now directly owns 259,983 shares of the company’s stock, valued at approximately $343,178. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Shares of Gevo (NASDAQ:GEVO) traded down 1.54% on Friday, hitting $1.28. 916,879 shares of the company’s stock traded hands. Gevo has a 1-year low of $1.12 and a 1-year high of $2.75. The stock has a 50-day moving average of $1.33 and a 200-day moving average of $1.69. The company’s market cap is $59.1 million.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings data 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 last year, the company posted ($0.31) earnings per share. Gevo’s revenue was up 100.5% compared to the same quarter last year. On average, analysts predict that Gevo will post $-1.48 earnings per share for the current fiscal year.
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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