Insider Selling: Brett Lund Sells 1,098 Shares of Gevo Stock (GEVO)
Gevo (NASDAQ:GEVO) Insider Brett Lund unloaded 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $0.81, for a total transaction of $889.38. Following the completion of the sale, the insider now directly owns 114,375 shares in the company, valued at approximately $92,644. The sale was disclosed in a 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. 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 (NASDAQ:GEVO) opened at 0.7507 on Friday. 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 $0.87 and a 200-day moving average of $1.1. The company’s market cap is $50.9 million.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings data 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.