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

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shot up 0.3% on Monday . The company traded as high as $3.06 and last traded at $2.97. 2,012,390 shares traded hands during trading, a decline of 65% from the average session volume of 5,735,398 shares. The stock had previously closed at $2.96.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, October 18th. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.

Gevo Trading Down 1.4 %

The company has a 50 day moving average of $1.55 and a two-hundred day moving average of $0.96. The stock has a market capitalization of $699.25 million, a PE ratio of -9.13 and a beta of 2.98. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09). The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Sell-side analysts predict that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the completion of the sale, the chief executive officer now directly owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Patrick R. Gruber sold 108,966 shares of the firm's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the transaction, the chief executive officer now directly owns 4,049,680 shares in the company, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares of the company's stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 775,600 shares of company stock worth $535,391. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bayesian Capital Management LP purchased a new stake in Gevo in the first quarter valued at $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo in the first quarter worth about $38,000. Financial Advocates Investment Management acquired a new stake in Gevo during the third quarter worth about $114,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo during the second quarter worth about $51,000. Finally, Paloma Partners Management Co purchased a new position in Gevo during the first quarter valued at approximately $74,000. Institutional investors and hedge funds 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.