Gevo (NASDAQ:GEVO) Trading Up 0.9% – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price was up 0.9% during trading on Friday . The stock traded as high as $2.43 and last traded at $2.35. Approximately 3,186,615 shares were traded during trading, a decline of 77% from the average daily volume of 14,115,530 shares. The stock had previously closed at $2.33.

Analysts Set New Price Targets

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

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a market cap of $536.27 million, a PE ratio of -6.59 and a beta of 2.77. The company’s 50 day moving average price is $1.76 and its 200-day moving average price is $1.37.

Insiders Place Their Bets

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares of the company’s stock, 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. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC bought a new stake in Gevo during the third quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of Gevo during the 4th quarter worth $59,000. Financial Advocates Investment Management purchased a new position in Gevo in the third quarter worth $114,000. Alternative Investment Advisors LLC. bought a new position in Gevo in the second quarter valued at $51,000. Finally, Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter valued at about $64,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

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.