Stock Traders Buy Large Volume of Call Options on Gevo (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) saw unusually large options trading activity on Monday. Traders purchased 2,651 call options on the stock. This represents an increase of 156% compared to the average volume of 1,037 call options.

Gevo Price Performance

Shares of NASDAQ:GEVO traded up $0.06 on Thursday, hitting $1.32. The stock had a trading volume of 2,839,233 shares, compared to its average volume of 5,458,887. The company has a market capitalization of $316.22 million, a price-to-earnings ratio of -3.67 and a beta of 2.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.04. The firm's 50 day moving average price is $1.19 and its 200-day moving average price is $1.46. Gevo has a twelve month low of $0.48 and a twelve month high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. The firm had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. On average, equities research analysts predict that Gevo will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 87,466 shares of Gevo stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $111,956.48. Following the sale, the insider now owns 860,416 shares of the company's stock, valued at approximately $1,101,332.48. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP L Lynn Smull sold 60,331 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $77,223.68. Following the completion of the transaction, the executive vice president now owns 1,109,271 shares of the company's stock, valued at $1,419,866.88. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,257 shares of company stock worth $585,253 in the last ninety days. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Gevo

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after purchasing an additional 3,497,007 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Gevo in the fourth quarter valued at about $904,000. Marshall Wace LLP bought a new position in shares of Gevo in the fourth quarter valued at about $812,000. Two Sigma Investments LP lifted its position in Gevo by 671.3% during the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after buying an additional 287,150 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Gevo during the 4th quarter worth about $562,000. 35.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on GEVO. UBS Group cut their price target on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. HC Wainwright restated a "buy" rating and set a $14.00 target price on shares of Gevo in a research report on Friday, May 30th.

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.