Gevo (NASDAQ:GEVO) Shares Down 0.7% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price was down 0.7% during trading on Friday . The stock traded as low as $1.44 and last traded at $1.48. Approximately 1,244,151 shares traded hands during trading, a decline of 79% from the average daily volume of 5,933,338 shares. The stock had previously closed at $1.49.

Analysts Set New Price Targets

Several research firms have issued reports on GEVO. HC Wainwright restated a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Wednesday. UBS Group increased their price target on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The firm has a market cap of $344.75 million, a P/E ratio of -4.35 and a beta of 2.94. The company has a fifty day moving average of $1.86 and a 200-day moving average of $1.08.

Insiders Place Their Bets

In related news, COO Christopher Michael Ryan sold 84,014 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the transaction, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares of the company's stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,474 shares of company stock valued at $367,007. Company insiders own 4.00% of the company's stock.

Institutional Trading of Gevo

A number of institutional investors have recently made changes to their positions in the stock. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter worth approximately $29,000. Bayesian Capital Management LP bought a new stake in shares of Gevo during the first quarter valued at approximately $27,000. Financial Advocates Investment Management purchased a new position in shares of Gevo in the third quarter worth $114,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the second quarter worth $51,000. Finally, Paloma Partners Management Co purchased a new position in Gevo during the first quarter valued at $74,000. Hedge funds and other institutional investors 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.

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