Gevo (NASDAQ:GEVO) Trading Down 2.1% – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 2.1% during 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 firms recently weighed in on GEVO. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Down 4.1 %

The company’s 50 day moving average is $1.76 and its 200 day moving average is $1.37. The company has a market cap 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 Buying and Selling

In related news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Bloom sold 16,000 shares of the company’s 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 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 insiders.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the 3rd quarter worth approximately $29,000. Alternative Investment Advisors LLC. purchased a new stake in shares of Gevo during the 2nd quarter valued at $51,000. International Assets Investment Management LLC acquired a new stake in shares of Gevo in the 4th quarter worth $59,000. Point72 DIFC Ltd purchased a new position in Gevo during the 2nd quarter worth $64,000. Finally, XTX Topco Ltd increased its position in Gevo by 61.8% during 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 in the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.