Gevo (NASDAQ:GEVO) Shares Gap Down – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $2.71, but opened at $2.64. Gevo shares last traded at $2.54, with a volume of 3,768,049 shares trading hands.

Analyst Upgrades and Downgrades

GEVO has been the subject of a number of research analyst reports. 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. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Stock Performance

The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.37. The firm has a market capitalization of $557.82 million, a PE ratio of -6.85 and a beta of 2.77.

Insider Activity at Gevo

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 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 $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors have recently modified their holdings of the company. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the 3rd quarter valued at $29,000. International Assets Investment Management LLC purchased a new stake in Gevo in the fourth quarter valued at $59,000. Financial Advocates Investment Management purchased a new stake in Gevo in the third quarter valued at $114,000. Alternative Investment Advisors LLC. acquired a new position in Gevo in the second quarter valued at $51,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Gevo during the second quarter worth about $64,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.