Gevo (NASDAQ:GEVO) Shares Down 3.3% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s share price was down 3.3% during mid-day trading on Wednesday . The company traded as low as $2.61 and last traded at $2.61. Approximately 1,939,986 shares changed 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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEVO. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Down 5.9 %

The company has a market cap of $608.26 million, a PE ratio of -8.16 and a beta of 2.98. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $1.59 and its 200-day moving average is $0.97.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, analysts predict that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the completion of the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 583,171 shares of company stock valued at $421,858. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently bought and sold shares of GEVO. Bayesian Capital Management LP purchased a new stake in shares of Gevo during the 1st quarter worth $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the 1st quarter worth $38,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo in the 2nd quarter worth $51,000. Point72 DIFC Ltd purchased a new position in Gevo during the 2nd quarter worth $64,000. Finally, XTX Topco Ltd increased its position in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after buying an additional 51,057 shares in the last quarter. 35.17% of the stock is 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.