Gevo (NASDAQ:GEVO) Trading Down 2.9% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) was down 2.9% during trading on Thursday . The company traded as low as $1.32 and last traded at $1.34. Approximately 963,234 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 5,895,340 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

GEVO has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th. UBS Group lifted their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Up 0.7 %

The firm has a market cap of $332.80 million, a price-to-earnings ratio of -3.94 and a beta of 2.94. The firm’s fifty day moving average is $1.92 and its two-hundred day moving average is $1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Insiders Place Their Bets

In other 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 value 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 represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently modified their holdings of the business. Lauterbach Financial Advisors LLC bought a new stake in shares of Gevo during the 3rd quarter worth $29,000. Bayesian Capital Management LP bought a new position in Gevo in the first quarter valued at about $27,000. Financial Advocates Investment Management bought a new position in Gevo in the third quarter valued at about $114,000. Alternative Investment Advisors LLC. bought a new position in Gevo in the second quarter valued at about $51,000. Finally, Paloma Partners Management Co bought a new position in Gevo in the first quarter valued at about $74,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

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.