Gevo (NASDAQ:GEVO) Shares Down 2.1% – Time to Sell?

Gevo, Inc. (NASDAQ:GEVO)’s share price was down 2.1% during mid-day trading on Monday . The company traded as low as $2.74 and last traded at $2.79. Approximately 10,625,553 shares changed hands during trading, a decline of 34% from the average daily volume of 16,146,683 shares. The stock had previously closed at $2.85.

Analyst Ratings Changes

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

Gevo Price Performance

The firm’s fifty day moving average price is $1.76 and its 200 day moving average price is $1.37. The firm has a market capitalization of $557.82 million, a PE ratio of -6.85 and a beta of 2.77. 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 business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The shares were 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 approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Institutional Trading of Gevo

Institutional investors have recently made changes to their positions in the company. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the 3rd quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in shares of Gevo in the fourth quarter valued at about $59,000. XTX Topco Ltd lifted its stake in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after buying an additional 51,057 shares in the last quarter. Financial Advocates Investment Management acquired a new position in Gevo during the third quarter worth about $114,000. Finally, Alternative Investment Advisors LLC. purchased a new stake in Gevo during the 2nd quarter valued at about $51,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.