Gevo (NASDAQ:GEVO) Shares Down 2.1% – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) were down 2.1% on Monday . The company traded as low as $2.74 and last traded at $2.79. Approximately 10,625,553 shares changed hands during trading, a decline of 34% from the average daily volume of 16,146,683 shares. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

GEVO has been the subject of a number of research reports. HC Wainwright reissued a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group lifted their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Trading Down 4.2 %

The business has a 50-day moving average of $1.77 and a 200-day moving average of $1.33. The stock has a market cap of $653.58 million, a price-to-earnings ratio of -8.03 and a beta of 2.77. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In related news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Several large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. lifted its position in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the last quarter. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo during the 3rd quarter worth about $29,000. Financial Advocates Investment Management acquired a new position in shares of Gevo during the 3rd quarter worth about $114,000. Alternative Investment Advisors LLC. acquired a new position in shares of Gevo during the 2nd quarter worth about $51,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Gevo during the 2nd quarter worth about $64,000. Institutional investors and hedge funds 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.