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

Gevo, Inc. (NASDAQ:GEVO) was the recipient of unusually large options trading activity on Thursday. Investors bought 12,387 call options on the company. This represents an increase of approximately 240% compared to the typical volume of 3,647 call options.

Insiders Place Their Bets

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several large investors have recently modified their holdings of GEVO. Point72 Asset Management L.P. increased its stake in 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 worth $3,770,000 after purchasing an additional 812,870 shares in the last quarter. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the third quarter valued at approximately $29,000. Financial Advocates Investment Management bought a new stake in shares of Gevo during the third quarter worth $114,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the second quarter worth $51,000. Finally, Point72 DIFC Ltd bought a new stake in Gevo in the 2nd quarter valued at $64,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Price Performance

Shares of GEVO opened at $2.04 on Friday. The stock’s 50-day moving average price is $1.86 and its two-hundred day moving average price is $1.25. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The stock has a market cap of $488.39 million, a P/E ratio of -6.00 and a beta of 2.83. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GEVO shares. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th.

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.