Gevo (NASDAQ:GEVO) Trading Up 1.5% Following Analyst Upgrade

Gevo, Inc. (NASDAQ:GEVO)’s share price was up 1.5% during trading on Tuesday after UBS Group raised their price target on the stock from $0.85 to $3.25. UBS Group currently has a neutral rating on the stock. Gevo traded as high as $3.39 and last traded at $3.34. Approximately 3,895,194 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 5,670,765 shares. The stock had previously closed at $3.29.

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th.

Insider Buying and Selling

In related news, insider Paul D. Bloom sold 16,000 shares of the business’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 sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. The trade was a 0.00 % decrease in their ownership of the stock. 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 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 value of $48,960.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 775,600 shares of company stock worth $535,391. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several large investors have recently added to or reduced their stakes in the stock. Alternative Investment Advisors LLC. bought a new stake in Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd bought a new stake in Gevo during the second quarter worth approximately $64,000. Cubist Systematic Strategies LLC bought a new stake in Gevo during the second quarter worth approximately $112,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Gevo during the second quarter worth approximately $295,000. Finally, Millennium Management LLC bought a new stake in Gevo during the second quarter worth approximately $2,888,000. 35.17% of the stock is owned by institutional investors.

Gevo Stock Performance

The stock has a market cap of $711.06 million, a P/E ratio of -10.38 and a beta of 2.98. The business has a 50 day moving average price of $1.37 and a 200 day moving average price of $0.90. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts expect that Gevo, Inc. will post -0.34 EPS for the current year.

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.