Gevo COO Christopher Michael Ryan Sells 3,600 Shares (GEVO)
Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan unloaded 3,600 shares of the stock on the open market in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $0.95, for a total value of $3,420.00. Following the completion of the transaction, the chief operating officer now directly owns 372,936 shares in the company, valued at approximately $354,289. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GEVO shares. Analysts at Cowen and Company cut their price target on shares of Gevo to $1.00 in a research note on Friday, May 16th. Separately, analysts at Zacks downgraded shares of Gevo from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $1.30 price target on the stock. Finally, analysts at Zacks upgraded shares of Gevo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 9th. They now have a $1.50 price target on the stock.
Shares of Gevo (NASDAQ:GEVO) traded down 0.93% during mid-day trading on Thursday, hitting $0.9114. 173,630 shares of the company’s stock traded hands. Gevo has a 1-year low of $0.73 and a 1-year high of $2.30. The stock has a 50-day moving average of $0.94 and a 200-day moving average of $1.20. The company’s market cap is $61.8 million.
Gevo (NASDAQ:GEVO) last announced its earnings results on Wednesday, May 14th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.03. The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $1.70 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was down 74.3% on a year-over-year basis. On average, analysts predict that Gevo will post $-0.67 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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