Gevo (NASDAQ:GEVO) Trading Up 3.8% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) shares traded up 3.8% during mid-day trading on Wednesday . The company traded as high as $2.23 and last traded at $2.17. 1,822,485 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 11,602,997 shares. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

GEVO has been the topic of several research reports. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th. UBS Group raised 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.

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company’s fifty day moving average price is $1.75 and its 200 day moving average price is $1.42. The company has a market cap of $529.09 million, a PE ratio of -6.50 and a beta of 2.77.

Insiders Place Their Bets

In related news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GEVO. Millennium Management LLC bought a new stake in shares of Gevo during the 2nd quarter valued at $2,888,000. Point72 Asset Management L.P. grew its holdings in Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the second quarter valued at about $295,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Gevo in the second quarter worth about $112,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Gevo in the second quarter worth about $64,000. 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.