Gevo (NASDAQ:GEVO) Shares Gap Up – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.32, but opened at $2.49. Gevo shares last traded at $2.64, with a volume of 4,740,927 shares traded.

Analyst Ratings Changes

Several research firms recently commented on GEVO. HC Wainwright reissued a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Trading Up 22.8 %

The stock’s 50 day moving average is $1.77 and its 200-day moving average is $1.33. The company has a market cap of $682.32 million, a P/E ratio of -8.38 and a beta of 2.83. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insider Transactions at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of Gevo 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 sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares in the company, valued at $787,859.10. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GEVO. Point72 Asset Management L.P. boosted its holdings in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the last quarter. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the 3rd quarter worth $29,000. Financial Advocates Investment Management bought a new stake in shares of Gevo in the third quarter worth $114,000. Alternative Investment Advisors LLC. purchased a new stake in Gevo during the second quarter valued at $51,000. Finally, Point72 DIFC Ltd bought a new position in Gevo in the second quarter valued at about $64,000. 35.17% of the stock is owned by hedge funds and other 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.