Gevo (NASDAQ:GEVO) Shares Up 0.3% - Here's What Happened

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares shot up 0.3% during trading on Monday . The stock traded as high as $1.47 and last traded at $1.44. 595,776 shares traded hands during trading, a decline of 90% from the average session volume of 5,921,144 shares. The stock had previously closed at $1.43.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Up 1.3 %

The business's 50 day simple moving average is $1.88 and its 200 day simple moving average is $1.09. 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 company has a market capitalization of $346.69 million, a PE ratio of -4.22 and a beta of 2.94.

Insider Buying and Selling

In other news, CEO Patrick R. Gruber sold 164,428 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares of the company's stock, valued at approximately $2,856,061.76. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the transaction, the chief financial officer now directly owns 1,169,602 shares of the company's stock, valued at $888,897.52. The trade was a 5.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 377,474 shares of company stock worth $367,007. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC purchased a new position in Gevo in the 2nd quarter valued at approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gevo in the 2nd quarter valued at about $295,000. Vanguard Group Inc. boosted its stake in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company's stock valued at $10,612,000 after buying an additional 409,693 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Gevo in the 2nd quarter valued at about $112,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gevo during the first quarter worth about $89,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.