Gevo (NASDAQ:GEVO) Shares Down 2.1% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) was down 2.1% during mid-day trading on Monday . The stock traded as low as $2.74 and last traded at $2.79. Approximately 10,625,553 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 16,146,683 shares. The stock had previously closed at $2.85.

Analyst Ratings Changes

Several analysts recently issued reports 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 reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Down 4.2 %

The firm has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $1.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a market cap of $653.58 million, a P/E ratio of -8.03 and a beta of 2.77.

Insider Transactions at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction 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 sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This 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.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently modified their holdings of GEVO. Millennium Management LLC acquired a new position in shares of Gevo in the 2nd quarter worth $2,888,000. Point72 Asset Management L.P. grew its holdings in shares of Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo during the second quarter valued at $295,000. Cubist Systematic Strategies LLC purchased a new position in shares of Gevo during the second quarter valued at $112,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Gevo during the second quarter valued at $64,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.