Insider Selling: Gevo CEO Sells 11,355 Shares of Stock (GEVO)
Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber sold 11,355 shares of Gevo stock on the open market in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $0.79, for a total value of $8,970.45. Following the transaction, the chief executive officer now directly owns 366,717 shares of the company’s stock, valued at approximately $289,706. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of 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’s 50-day moving average is $0.87 and its 200-day moving average is $1.1. The company’s market cap is $50.9 million.
Gevo (NASDAQ:GEVO) last posted its quarterly 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. Analysts expect that Gevo will post $-0.67 EPS for the current fiscal year.
GEVO has been the subject of a number of recent research reports. 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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