Gevo (NASDAQ:GEVO) Shares Up 2.5% – Still a Buy?

Gevo, Inc. (NASDAQ:GEVO) shares rose 2.5% on Friday . The stock traded as high as $1.84 and last traded at $1.82. Approximately 614,148 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 8,312,065 shares. The stock had previously closed at $1.77.

Analysts Set New Price Targets

GEVO has been the topic of several analyst reports. UBS Group increased their target price 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 reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Price Performance

The company’s 50-day moving average price is $1.85 and its 200-day moving average price is $1.52. 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 company has a market cap of $424.95 million, a P/E ratio of -5.22 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same quarter last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts predict that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the firm’s 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 owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of hedge funds have recently modified their holdings of GEVO. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo during the 2nd quarter worth about $112,000. Millennium Management LLC acquired a new stake in Gevo in the 2nd quarter worth about $2,888,000. Point72 DIFC Ltd acquired a new stake in Gevo in the 2nd quarter worth about $64,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the 2nd quarter worth about $51,000. Finally, Financial Advocates Investment Management acquired a new stake in Gevo in the 3rd quarter worth about $114,000. Institutional investors and hedge funds 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.