Gevo Target of Unusually Large Options Trading (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) was the target of some unusual options trading on Thursday. Stock traders purchased 12,387 call options on the company. This represents an increase of approximately 240% compared to the typical volume of 3,647 call options.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. HC Wainwright reissued a "buy" rating and issued a $14.00 target price on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Stock Performance

NASDAQ:GEVO traded up $0.53 on Thursday, reaching $2.04. 25,808,707 shares of the company's stock were exchanged, compared to its average volume of 5,786,896. The firm has a market cap of $488.39 million, a price-to-earnings ratio of -6.00 and a beta of 2.83. 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 stock has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $1.25. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39.

Insider Buying and Selling at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now directly owns 332,430 shares of the company's stock, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Bloom sold 16,000 shares of the company's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company's stock, valued at $2,900,518.92. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter valued at approximately $29,000. Alternative Investment Advisors LLC. purchased a new position in Gevo during the second quarter worth about $51,000. Point72 DIFC Ltd bought a new position in Gevo in the 2nd quarter worth about $64,000. XTX Topco Ltd raised its holdings in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock valued at $74,000 after acquiring an additional 51,057 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Gevo during the 2nd quarter valued at about $112,000. 35.17% of the stock is owned by institutional investors.

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.