Insider Selling: Patrick Gruber Sells 7,310 Shares of Gevo Stock (GEVO)

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Gevo (NASDAQ:GEVO) CEO Patrick Gruber sold 7,310 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $0.81, for a total value of $5,921.10. Following the transaction, the chief executive officer now directly owns 394,712 shares of the company’s stock, valued at approximately $319,717. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on GEVO shares. 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. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Gevo in a research note on Wednesday, March 26th.

Shares of Gevo (NASDAQ:GEVO) traded up 12.45% on Friday, hitting $0.93. 1,564,809 shares of the company’s stock traded hands. Gevo has a 52 week low of $0.73 and a 52 week high of $2.32. The stock’s 50-day moving average is $1.24 and its 200-day moving average is $1.42. The company’s market cap is $46.3 million.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.01. The company had revenue of $1.70 million for the quarter, compared to the consensus estimate of $1.46 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts expect that Gevo will post $-0.86 EPS 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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