Gevo (NASDAQ:GEVO) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Gevo's stock price crossed above its 200-day moving average of $1.39, reaching a high of $2.02 before last trading at $2.00 with a volume of over 4 million shares.
• Wall Street analysts have upgraded Gevo's ratings, with UBS raising its price target from $1.15 to $2.25, resulting in a consensus rating of "Hold" and an average price target of $8.13.
• Insider trading activity showed significant selling, with two insiders selling a total of over 166,000 shares, indicating a reduction in their holdings by 7.51% and 19.06%, respectively.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.39 and traded as high as $2.02. Gevo shares last traded at $2.00, with a volume of 4,196,768 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GEVO shares. UBS Group upped their price objective on shares of Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a report on Wednesday, September 17th. Wall Street Zen upgraded shares of Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.13.

Gevo Price Performance

The stock has a market capitalization of $483.68 million, a price-to-earnings ratio of -7.69 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. The business's 50 day simple moving average is $1.68 and its 200-day simple moving average is $1.39.

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

Insider Buying and Selling

In other news, insider Paul D. Bloom sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $2.01, for a total value of $150,750.00. Following the sale, the insider directly owned 923,591 shares in the company, valued at approximately $1,856,417.91. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary W. Mize sold 91,459 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.68, for a total transaction of $153,651.12. Following the completion of the sale, the director owned 388,326 shares in the company, valued at approximately $652,387.68. The trade was a 19.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 752,956 shares of company stock worth $1,064,408 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently made changes to their positions in GEVO. 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 worth $7,424,000 after purchasing an additional 2,873,940 shares during the last quarter. Millennium Management LLC lifted its position in shares of Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after buying an additional 61,919 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock valued at $1,351,000 after acquiring an additional 123,170 shares during the period. Bank of America Corp DE increased its position in shares of Gevo by 160.7% during the fourth quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock valued at $754,000 after buying an additional 222,237 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock valued at $690,000 after buying an additional 287,150 shares during the period. 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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