Gevo (NASDAQ:GEVO) Trading Down 2.1% - Here's What Happened

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) was down 2.1% during trading on Thursday . The stock traded as low as $2.83 and last traded at $2.85. Approximately 2,185,002 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 5,727,240 shares. The stock had previously closed at $2.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GEVO shares. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, October 18th.

Gevo Stock Down 2.2 %

The firm's 50-day moving average price is $1.42 and its 200-day moving average price is $0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The company has a market cap of $672.08 million, a price-to-earnings ratio of -9.83 and a beta of 2.98.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The company had revenue of $5.26 million during the quarter, compared to analysts' expectations of $3.93 million. During the same period in the prior year, the company posted ($0.06) EPS. Sell-side analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction that occurred on Thursday, October 17th. The stock was 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 in the company, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gevo news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction 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 sale, the chief financial officer now owns 1,169,602 shares of the company's stock, valued at $888,897.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775,600 shares of company stock worth $535,391 in the last ninety days. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

Several hedge funds and other institutional investors have recently bought and sold shares of GEVO. Thomist Capital Management LP purchased a new position in shares of Gevo in the first quarter worth approximately $1,833,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gevo in the 1st quarter worth $89,000. BNP Paribas Financial Markets raised its holdings in Gevo by 79.5% in the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company's stock valued at $110,000 after acquiring an additional 63,179 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Gevo in the first quarter worth $38,000. Finally, Vanguard Group Inc. increased its stake in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company's stock valued at $10,612,000 after acquiring an additional 409,693 shares during the period. 35.17% of the stock is currently 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.