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

Gevo, Inc. (NASDAQ:GEVO) fell 2.9% during trading on Thursday . The stock traded as low as $1.32 and last traded at $1.34. 963,234 shares were traded during trading, a decline of 84% from the average session volume of 5,895,340 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

Several research firms recently commented on GEVO. UBS Group raised their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Performance

The company has a market cap of $332.80 million, a PE ratio of -3.94 and a beta of 2.94. 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 company has a 50-day moving average of $1.92 and a 200-day moving average of $1.10.

Insider Activity at Gevo

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

Institutional Trading of Gevo

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 409,693 shares in the last quarter. Millennium Management LLC bought a new position in shares of Gevo during the 2nd quarter valued at $2,888,000. Point72 Asset Management L.P. lifted its holdings in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo during the 2nd quarter valued at $295,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after buying an additional 192,457 shares during the period. 35.17% of the stock is currently owned by institutional investors.

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.