Gevo (NASDAQ:GEVO) Trading 0.9% Higher – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) was up 0.9% during trading on Friday . The stock traded as high as $2.43 and last traded at $2.35. Approximately 3,186,615 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 14,115,530 shares. The stock had previously closed at $2.33.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group upped their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The stock has a market cap of $541.06 million, a P/E ratio of -6.65 and a beta of 2.77. The stock’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.39.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the 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 sale, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This 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 corporate insiders.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently modified their holdings of GEVO. International Assets Investment Management LLC acquired a new stake in Gevo during the 4th quarter worth $59,000. Point72 Asset Management L.P. lifted its stake in shares of Gevo by 54.2% in 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 purchasing an additional 812,870 shares during the last quarter. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter worth about $29,000. Financial Advocates Investment Management purchased a new position in shares of Gevo during the 3rd quarter worth approximately $114,000. Finally, Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo in the second quarter valued at $51,000. 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.