Gevo (NASDAQ:GEVO) Trading Down 3.3% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) traded down 3.3% on Wednesday . The company traded as low as $2.61 and last traded at $2.61. 1,939,986 shares were traded during trading, a decline of 66% from the average session volume of 5,750,840 shares. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Gevo in a research report on Friday, October 18th.

Gevo Stock Down 2.1 %

The stock has a market capitalization of $545.99 million, a price-to-earnings ratio of -7.47 and a beta of 2.98. The business has a fifty day moving average of $1.62 and a 200 day moving average of $0.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09.

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

Insiders Place Their Bets

In other Gevo news, 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 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 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 the SEC website. In related news, insider Paul D. Bloom sold 16,000 shares of the 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 transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the transaction, the chief financial officer now directly owns 1,169,602 shares in the company, valued at $888,897.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 583,171 shares of company stock worth $421,858 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in GEVO. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gevo in the first quarter valued at about $89,000. BNP Paribas Financial Markets lifted its position in Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Gevo in the first quarter valued at about $38,000. Vanguard Group Inc. lifted its position in shares of Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after acquiring an additional 192,457 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

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.