Gevo Sees Unusually High Options Volume (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) was the recipient of some unusual options trading on Thursday. Stock investors acquired 12,387 call options on the company. This represents an increase of approximately 240% compared to the typical daily volume of 3,647 call options.

Insider Activity at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently bought and sold shares of GEVO. Millennium Management LLC purchased a new position in Gevo during the second quarter valued at approximately $2,888,000. Point72 Asset Management L.P. boosted its stake in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo during the 2nd quarter valued at $295,000. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo in the second quarter worth $112,000. Finally, XTX Topco Ltd raised its holdings in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Analysts Set New Price Targets

GEVO has been the topic of several research analyst reports. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group upped their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Up 31.8 %

Shares of GEVO traded up $0.48 during mid-day trading on Thursday, reaching $1.99. The company’s stock had a trading volume of 19,242,071 shares, compared to its average volume of 5,755,698. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $476.37 million, a price-to-earnings ratio of -5.85 and a beta of 2.83. The business has a fifty day moving average of $1.87 and a 200 day moving average of $1.25.

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.