Gevo (NASDAQ:GEVO) Trading Up 0.3% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s stock price rose 0.3% during trading on Monday . The company traded as high as $1.47 and last traded at $1.44. Approximately 595,776 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 5,921,144 shares. The stock had previously closed at $1.43.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Up 1.3 %

The firm has a market capitalization of $346.69 million, a price-to-earnings ratio of -4.22 and a beta of 2.94. The business’s fifty day moving average price is $1.88 and its 200 day moving average price is $1.09. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insider Activity

In related news, CFO L Lynn Smull sold 69,738 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. This trade represents a 5.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 377,474 shares of company stock valued at $367,007 in the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in shares of Gevo during the 2nd quarter worth approximately $2,888,000. Point72 Asset Management L.P. raised its holdings in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after acquiring an additional 812,870 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Gevo in the second quarter valued at $295,000. Vanguard Group Inc. lifted its position in shares of Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo during the second quarter valued at $112,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.