Gevo (NASDAQ:GEVO) Shares Up 7.3% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s share price rose 7.3% during trading on Monday . The company traded as high as $2.76 and last traded at $2.7050. Approximately 1,914,995 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 3,233,267 shares. The stock had previously closed at $2.52.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Thursday, January 22nd. Northland Securities restated an “outperform” rating and set a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. Finally, Wall Street Zen cut shares of Gevo from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.42.

Gevo Stock Down 4.9%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58. The company has a market capitalization of $630.12 million, a PE ratio of -20.05 and a beta of 1.51. The business has a 50-day moving average of $2.08 and a 200 day moving average of $2.12.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $45.35 million during the quarter, compared to analysts’ expectations of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. Equities research analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Buying and Selling at Gevo

In other news, Director Gary W. Mize sold 107,100 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.33, for a total value of $249,543.00. Following the sale, the director directly owned 281,226 shares in the company, valued at $655,256.58. The trade was a 27.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.51, for a total transaction of $50,200.00. Following the sale, the insider owned 212,199 shares in the company, valued at $532,619.49. This represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 137,650 shares of company stock worth $321,959 in the last 90 days. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Large investors have recently added to or reduced their stakes in the stock. First Bank & Trust purchased a new position in shares of Gevo in the 3rd quarter worth approximately $6,007,000. Geode Capital Management LLC raised its holdings in Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after buying an additional 2,873,940 shares during the period. Rafferty Asset Management LLC bought a new stake in Gevo in the third quarter worth $561,000. Ameritas Investment Partners Inc. bought a new stake in Gevo in the second quarter worth $31,000. Finally, Prudential Financial Inc. purchased a new position in Gevo during the second quarter worth $36,000. 35.17% of the stock is owned by institutional investors.

Gevo Company Profile

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.