Gevo (NASDAQ:GEVO) Shares Up 1.5% on Analyst Upgrade

Gevo, Inc. (NASDAQ:GEVO) shares traded up 1.5% 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. 3,895,194 shares were traded during trading, a decline of 31% from the average session volume of 5,670,765 shares. The stock had previously closed at $3.29.

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th.

Insider Buying and Selling at Gevo

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm’s 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 transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents 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 related news, insider Paul D. Bloom sold 16,000 shares of the firm’s 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 transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at $2,856,061.76. 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 valued at $535,391. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the second quarter valued at about $51,000. Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter worth about $64,000. Cubist Systematic Strategies LLC purchased a new stake in Gevo during the second quarter worth about $112,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo during the second quarter worth about $295,000. Finally, Millennium Management LLC purchased a new stake in Gevo during the second quarter worth about $2,888,000. 35.17% of the stock is owned by institutional investors.

Gevo Price Performance

The business’s fifty day moving average is $1.42 and its 200-day moving average is $0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The firm has a market cap of $687.44 million, a PE ratio of -10.03 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. During the same quarter last year, the company posted ($0.06) earnings per share. On average, research analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current fiscal 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.