Gevo CEO Patrick R. Gruber Unloads 5,300 Shares (GEVO)
Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber sold 5,300 shares of Gevo stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $0.80, for a total transaction of $4,240.00. Following the completion of the sale, the chief executive officer now directly owns 366,717 shares of the company’s stock, valued at approximately $293,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) traded down 3.83% during mid-day trading on Wednesday, hitting $0.7714. The stock had a trading volume of 218,742 shares. Gevo has a 52 week low of $0.73 and a 52 week high of $2.18. The stock has a 50-day moving average of $0.88 and a 200-day moving average of $1.12. The company’s market cap is $52.3 million.
Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was down 74.3% on a year-over-year basis. Analysts expect that Gevo will post $-0.67 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Gevo to $1.00 in a research note on Friday, May 16th. 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.
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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