Gevo (NASDAQ:GEVO) Shares Down 6.6% - Should You Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares fell 6.6% during trading on Tuesday . The company traded as low as $2.41 and last traded at $2.53. 6,789,267 shares traded hands during trading, a decline of 60% from the average session volume of 17,031,652 shares. The stock had previously closed at $2.71.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group upped 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 issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Down 10.3 %

The firm has a market capitalization of $581.76 million, a price-to-earnings ratio of -7.15 and a beta of 2.77. The firm has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.35. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the insider now directly owns 947,882 shares of the company's stock, valued at approximately $2,900,518.92. This represents a 1.66 % 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 company. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo during the third quarter worth $29,000. XTX Topco Ltd grew its holdings in Gevo by 61.8% during the second 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 period. Financial Advocates Investment Management acquired a new stake in 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, Point72 DIFC Ltd acquired a new position in shares of Gevo in the 2nd quarter valued at $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.