Gevo Target of Unusually Large Options Trading (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) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 2,675 call options on the stock. This represents an increase of approximately 56% compared to the typical daily volume of 1,718 call options.

Insider Transactions at Gevo

In related news, insider Paul D. Bloom sold 75,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $2.01, for a total transaction of $150,750.00. Following the transaction, the insider owned 923,591 shares in the company, valued at $1,856,417.91. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick R. Gruber sold 120,304 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1.25, for a total transaction of $150,380.00. Following the transaction, the chief executive officer owned 3,963,164 shares in the company, valued at approximately $4,953,955. This trade represents a 2.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 756,885 shares of company stock valued at $1,066,334. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock worth $754,000 after acquiring an additional 222,237 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Gevo in the 1st quarter worth about $174,000. Two Sigma Investments LP lifted its holdings in shares of Gevo by 671.3% in the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after acquiring an additional 287,150 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Gevo by 114.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 289,300 shares of the energy company's stock worth $336,000 after acquiring an additional 154,400 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Gevo in the 1st quarter worth about $36,000. Institutional investors own 35.17% of the company's stock.

Gevo Price Performance

Shares of NASDAQ:GEVO traded up $0.04 during midday trading on Thursday, reaching $2.09. 6,308,718 shares of the company were exchanged, compared to its average volume of 4,042,588. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. The business's fifty day moving average is $1.59 and its two-hundred day moving average is $1.35. Gevo has a one year low of $0.92 and a one year high of $3.39. The stock has a market cap of $505.45 million, a PE ratio of -8.04 and a beta of 2.18.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, beating the consensus estimate 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 business had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. As a group, analysts predict that Gevo will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on GEVO shares. HC Wainwright reaffirmed a "buy" rating and set a $14.00 target price on shares of Gevo in a report on Friday, May 30th. Wall Street Zen raised shares of Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group increased their price objective on shares of Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.13.

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.