Gevo (NASDAQ:GEVO) Sees Large Volume Increase - Time to Buy?

Key Points

• Gevo saw a 30% increase in trading volume on Wednesday, with approximately 6.66 million shares traded, and its stock price rose from $2.56 to $2.69.
• Analysts have mixed views on Gevo, with a consensus rating of "Hold" and a price target of $8.13; recent upgrades include a move from "sell" to "hold" by Wall Street Zen.
• Insider transactions revealed that key executives sold significant shares, indicating potential concerns as insiders sold a combined total of 752,956 shares over the last 90 days.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 6,664,119 shares traded hands during mid-day trading, an increase of 30% from the previous session's volume of 5,138,423 shares.The stock last traded at $2.69 and had previously closed at $2.56.

Analysts Set New Price Targets

GEVO has been the topic of several analyst reports. Wall Street Zen upgraded Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group lifted their target price on Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Zacks Research upgraded Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. HC Wainwright restated a "buy" rating on shares of Gevo in a research note on Wednesday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gevo presently has a consensus rating of "Hold" and a consensus price target of $8.13.

Gevo Stock Performance

The firm has a fifty day moving average of $1.84 and a 200-day moving average of $1.45. The stock has a market capitalization of $588.88 million, a price-to-earnings ratio of -9.37 and a beta of 2.13. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The firm had revenue of $43.41 million during the quarter, compared to analysts' expectations of $43.69 million. As a group, sell-side analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In other news, CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.63, for a total value of $93,971.13. Following the completion of the transaction, the chief financial officer directly owned 277,835 shares of the company's stock, valued at $452,871.05. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 120,304 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1.25, for a total value of $150,380.00. Following the completion of the transaction, the chief executive officer owned 3,963,164 shares of the company's stock, valued at $4,953,955. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 752,956 shares of company stock valued at $1,064,408. Company insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently added to or reduced their stakes in GEVO. NewEdge Advisors LLC grew its position in Gevo by 11.0% during the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock valued at $123,000 after acquiring an additional 9,249 shares during the period. BNP Paribas Financial Markets grew its position in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after acquiring an additional 12,136 shares during the period. Centerpoint Advisory Group grew its position in Gevo by 55.6% during the first quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock valued at $65,000 after acquiring an additional 20,000 shares during the period. International Assets Investment Management LLC purchased a new stake in Gevo during the second quarter valued at about $26,000. Finally, Legal & General Group Plc purchased a new stake in Gevo during the second quarter valued at about $28,000. 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.

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