Gevo (NASDAQ:GEVO) Shares Up 2.6% – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) was up 2.6% during trading on Friday . The stock traded as high as $2.43 and last traded at $2.39. Approximately 1,668,377 shares traded hands 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEVO. UBS Group boosted 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 reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Friday, October 18th.

Gevo Price Performance

The firm has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results 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 company had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the prior year, the company earned ($0.06) EPS. As a group, analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Gevo

In related news, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the sale, the chief executive officer now directly owns 3,757,976 shares in the company, valued at $2,856,061.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, 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 SEC, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 583,171 shares of company stock worth $421,858 over the last three months. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of large investors have recently bought and sold shares of the business. Lauterbach Financial Advisors LLC acquired a new stake in Gevo during the 3rd quarter worth about $29,000. Financial Advocates Investment Management acquired a new stake in Gevo during the 3rd quarter worth about $114,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo during the 2nd quarter worth about $51,000. Point72 DIFC Ltd acquired a new stake in Gevo during the 2nd quarter worth about $64,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gevo during the 2nd quarter worth about $112,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.