Gevo Sees Unusually High Options Volume (NASDAQ:GEVO)

Key Points

• Gevo, Inc. saw a significant increase in call options trading on Wednesday, with 2,675 call options purchased, reflecting a 56% rise compared to the typical volume.
• The company received a "buy" rating with a $14.00 price target from HC Wainwright, while other brokerages have recently adjusted their ratings to hold.
• Shares of Gevo traded up by 9.8% reaching $2.08, with a notable trading volume of 4,594,014 shares during the session.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) saw unusually large options trading on Wednesday. Stock investors purchased 2,675 call options on the company. This represents an increase of approximately 56% compared to the typical volume of 1,718 call options.

Gevo Stock Down 3.3%

Shares of NASDAQ GEVO traded down $0.07 during midday trading on Friday, hitting $2.02. The company's stock had a trading volume of 15,028,798 shares, compared to its average volume of 4,202,265. The business's fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $1.35. The firm has a market capitalization of $488.52 million, a price-to-earnings ratio of -7.77 and a beta of 2.18. Gevo has a 1 year low of $0.92 and a 1 year high of $3.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group lifted their target price on shares of Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen upgraded Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, HC Wainwright reiterated a "buy" rating and set a $14.00 target price on shares of Gevo in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $8.13.

Insider Activity at Gevo

In other news, CEO Patrick R. Gruber sold 116,060 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total transaction of $142,753.80. Following the completion of the transaction, the chief executive officer directly owned 3,847,104 shares in the company, valued at approximately $4,731,937.92. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 75,000 shares of the stock in a transaction 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 completion of the sale, the insider owned 923,591 shares of the company's stock, valued at $1,856,417.91. The trade was a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 751,885 shares of company stock valued at $1,059,584. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Gevo

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company's stock valued at $7,424,000 after purchasing an additional 2,873,940 shares during the period. Millennium Management LLC grew its position in shares of Gevo by 1.9% during the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock worth $3,803,000 after acquiring an additional 61,919 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 buying an additional 123,170 shares in the last quarter. Bank of America Corp DE grew its position in Gevo by 160.7% in the 4th 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 in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Gevo by 671.3% during the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock valued at $690,000 after purchasing an additional 287,150 shares in the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.