Gevo (NASDAQ:GEVO) Shares Down 3.3% - Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) were down 3.3% on Wednesday . The stock traded as low as $2.61 and last traded at $2.61. Approximately 1,939,986 shares traded hands during trading, a decline of 66% from the average daily volume of 5,750,840 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GEVO shares. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. 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.

Gevo Stock Performance

The firm has a 50-day moving average of $1.59 and a 200-day moving average of $0.97. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $610.65 million, a price-to-earnings ratio of -7.97 and a beta of 2.98.

Gevo (NASDAQ:GEVO - Get Free Report) last announced 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 return on equity of 13.50% and a negative net margin of 407.97%. The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. During the same period in the prior year, the company earned ($0.06) earnings per share. As a group, sell-side analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 sale, the insider now directly owns 947,882 shares of the company's stock, valued at $2,900,518.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paul D. Bloom sold 16,000 shares of the business's 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 completion of the transaction, the insider now owns 947,882 shares of the company's stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 583,171 shares of company stock valued at $421,858. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently made changes to their positions in GEVO. Bayesian Capital Management LP acquired a new position in shares of Gevo during the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC purchased a new stake in Gevo in the 1st quarter worth $38,000. XTX Topco Ltd raised its position in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock worth $74,000 after acquiring an additional 51,057 shares during the period. BNP Paribas Financial Markets lifted its holdings in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company's stock valued at $110,000 after purchasing an additional 63,179 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in shares of Gevo in the third quarter valued at about $114,000. 35.17% of the stock is owned by hedge funds and other 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.