Gevo (NASDAQ:GEVO) Shares Down 2.9% – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) were down 2.9% during mid-day trading on Wednesday . The stock traded as low as $1.56 and last traded at $1.59. Approximately 1,121,030 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 5,928,384 shares. The stock had previously closed at $1.64.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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 note on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday.

Gevo Stock Down 12.2 %

The company’s 50 day moving average price is $1.83 and its two-hundred day moving average price is $1.07. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a market cap of $344.75 million, a PE ratio of -4.29 and a beta of 2.94.

Insider Buying and Selling at Gevo

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 value of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher Michael Ryan sold 84,014 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 $63,850.64. Following the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,474 shares of company stock valued at $367,007. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently bought and sold shares of GEVO. Mirae Asset Global Investments Co. Ltd. bought a new position in Gevo during the first quarter valued at $89,000. BNP Paribas Financial Markets lifted 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 last quarter. Vanguard Group Inc. grew its position in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after acquiring an additional 409,693 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Gevo by 128.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after acquiring an additional 192,457 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Gevo during the first quarter valued at approximately $74,000. 35.17% of the stock is owned by hedge funds and other 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.