Gevo (NASDAQ:GEVO) Shares Up 4.9% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) rose 4.9% during trading on Thursday . The company traded as high as $1.55 and last traded at $1.49. Approximately 1,698,010 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 5,939,524 shares. The stock had previously closed at $1.42.

Analyst Upgrades and Downgrades

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

Gevo Stock Performance

The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $1.85 and a two-hundred day moving average price of $1.07. The firm has a market cap of $353.13 million, a PE ratio of -4.28 and a beta of 2.94.

Insider Buying and Selling at Gevo

In other Gevo news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $53,000.88. Following the transaction, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at $888,897.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction that occurred on 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 approximately $888,897.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick R. Gruber sold 164,428 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 $124,965.28. Following the transaction, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 377,474 shares of company stock worth $367,007 in the last three months. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo in the 3rd quarter valued at about $29,000. Bayesian Capital Management LP acquired a new stake in shares of Gevo in the first quarter valued at approximately $27,000. XTX Topco Ltd grew its position in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Gevo by 79.5% in the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after acquiring an additional 63,179 shares during the period. Finally, Financial Advocates Investment Management purchased a new stake in Gevo in the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.