Gevo (NASDAQ:GEVO) Shares Up 7.6% – Still a Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) traded up 7.6% during trading on Monday . The stock traded as high as $2.42 and last traded at $2.41. 3,902,895 shares were traded during trading, a decline of 33% from the average session volume of 5,800,343 shares. The stock had previously closed at $2.24.

Analyst Ratings Changes

Several analysts recently commented on the stock. HC Wainwright restated a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Friday, October 18th. UBS Group lifted their price target 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 Trading Up 4.9 %

The business has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.01. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $562.75 million, a P/E ratio of -7.50 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. Analysts anticipate that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction dated Thursday, August 22nd. The stock was 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 $2,856,061.76. This represents a 0.00 % 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 stock in a transaction that occurred 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 sale, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 583,171 shares of company stock valued at $421,858 over the last ninety days. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after buying an additional 409,693 shares during the period. Millennium Management LLC bought a new position in shares of Gevo in the 2nd quarter worth approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo in the 2nd quarter worth approximately $295,000. Price T Rowe Associates Inc. MD increased its holdings in Gevo by 128.8% in the 1st 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 in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Gevo in the 2nd quarter worth approximately $112,000. 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.