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

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 3.3% on Wednesday . The stock traded as low as $1.87 and last traded at $1.89. Approximately 1,912,570 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 10,222,692 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

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

Gevo Price Performance

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 capitalization of $458.47 million, a PE ratio of -5.65 and a beta of 2.77. The company’s fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $1.47.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same period in the prior year, the business posted ($0.07) earnings per share. As a group, sell-side analysts predict that Gevo, Inc. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the company’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in Gevo in the 2nd quarter valued at about $2,888,000. Point72 Asset Management L.P. grew its holdings in Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after acquiring an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the 2nd quarter worth about $295,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo in the 2nd quarter valued at about $112,000. Finally, XTX Topco Ltd lifted its position in shares of 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 purchasing an additional 51,057 shares during the last quarter. 35.17% of the stock is 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.