Gevo (NASDAQ:GEVO) Trading Up 2.6% – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO)’s stock price was up 2.6% on Friday . The stock traded as high as $2.43 and last traded at $2.39. Approximately 1,668,377 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 5,785,570 shares. The stock had previously closed at $2.33.

Wall Street Analyst Weigh In

Several analysts have weighed in on GEVO shares. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Friday, October 18th.

Gevo Trading Down 2.6 %

The company has a market capitalization of $543.60 million, a PE ratio of -7.47 and a beta of 2.98. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $1.62 and a two-hundred day moving average of $0.98.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period last year, the firm posted ($0.06) EPS. As a group, sell-side analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was 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 in the company, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction that occurred 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 directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 583,171 shares of company stock worth $421,858 in the last ninety days. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in Gevo during the second quarter valued at $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gevo during the second quarter valued at $295,000. Vanguard Group Inc. raised its stake in Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after buying an additional 409,693 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Gevo during the second quarter valued at $112,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Gevo during the first quarter valued at $89,000. 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.