Gevo Target of Unusually Large Options Trading (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) saw some unusual options trading on Thursday. Stock traders bought 12,317 call options on the stock. This is an increase of 727% compared to the typical daily volume of 1,489 call options.

Insider Activity at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the transaction, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the completion of the sale, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the transaction, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 759,600 shares of company stock valued at $486,431 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of large investors have recently modified their holdings of the company. Bayesian Capital Management LP purchased a new stake in Gevo in the first quarter worth about $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo in the 1st quarter worth approximately $38,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the second quarter valued at approximately $51,000. Paloma Partners Management Co bought a new position in shares of Gevo during the first quarter valued at approximately $74,000. Finally, Point72 DIFC Ltd purchased a new position in Gevo during the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report on Friday, September 13th.

Gevo Trading Up 15.6 %

Shares of NASDAQ:GEVO traded up $0.35 during trading on Thursday, reaching $2.60. The company’s stock had a trading volume of 36,215,020 shares, compared to its average volume of 5,452,349. The stock has a market capitalization of $614.21 million, a PE ratio of -9.86 and a beta of 2.98. Gevo has a 12 month low of $0.48 and a 12 month high of $3.09. The firm’s 50 day simple moving average is $1.18 and its two-hundred day simple moving average is $0.83. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period last year, the company earned ($0.06) EPS. On average, research analysts predict that Gevo will post -0.34 EPS for the current fiscal year.

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.