Gevo (NASDAQ:GEVO) Shares Gap Down – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.71, but opened at $2.64. Gevo shares last traded at $2.54, with a volume of 3,768,049 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group raised 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 Stock Down 4.1 %

The company has a market cap of $557.82 million, a price-to-earnings ratio of -6.85 and a beta of 2.77. The business has a fifty day moving average of $1.76 and a two-hundred day moving average of $1.37. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insider Activity at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the firm’s 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 completion of the transaction, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently modified their holdings of GEVO. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo during the 3rd quarter worth $29,000. Alternative Investment Advisors LLC. purchased a new position in Gevo during the second quarter worth about $51,000. International Assets Investment Management LLC acquired a new position in Gevo in the 4th quarter valued at about $59,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo in the 2nd quarter valued at approximately $64,000. Finally, XTX Topco Ltd grew its stake in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after buying an additional 51,057 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.