Gevo (NASDAQ:GEVO) Shares Up 0.6% – Time to Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) shot up 0.6% on Tuesday . The stock traded as high as $1.46 and last traded at $1.45. 908,857 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 5,911,893 shares. The stock had previously closed at $1.44.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GEVO. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th. UBS Group raised 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.

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 stock has a fifty day moving average price of $1.92 and a two-hundred day moving average price of $1.10.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the business’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 completion of the sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter worth about $29,000. Bayesian Capital Management LP bought a new position in Gevo during the 1st quarter valued at approximately $27,000. XTX Topco Ltd raised its position in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares during the last quarter. BNP Paribas Financial Markets raised its position in Gevo by 79.5% during the 1st 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 last quarter. Finally, Financial Advocates Investment Management purchased a new position in shares of Gevo during the 3rd quarter worth approximately $114,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.