Gevo Records Significant Options Activity (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) experienced a notable surge in options trading on Thursday. Investors traded a total of 12,387 call options, representing an impressive increase of around 240% over the average daily volume of 3,647 call options.

Insider Transactions at Gevo

In addition to the options activity, there were some insider trades reported. Paul D. Bloom, an insider, sold 16,000 shares of the company's stock on October 17th at an average price of $3.06, resulting in a total transaction value of $48,960. After this sale, Bloom holds 947,882 shares, which are currently valued at approximately $2.9 million, marking a 1.66% decrease in his ownership.

Another insider, Andrew Shafer, sold 26,911 shares on November 5th at an average price of $2.37, totaling $63,779. As a result, Shafer now owns 332,430 shares, valued at around $787,859, reflecting a 7.49% decrease in ownership. Altogether, insiders own about 4.00% of Gevo's stock.

Hedge Fund Activity

Several institutional investors and hedge funds have recently made moves involving Gevo shares. For instance, Millennium Management LLC initiated a new position in Gevo in the second quarter, investing approximately $2.89 million. Point72 Asset Management L.P. increased its stake by 54.2% in the third quarter, now owning 2,312,870 shares with a value of about $3.77 million, after acquiring an additional 812,870 shares during that time.

Moreover, Point72 Asia Singapore Pte. Ltd. acquired a new shareholding valued at $295,000, while Cubist Systematic Strategies LLC added a new position worth $112,000 during the same quarter. Notably, XTX Topco Ltd. expanded its holdings by 61.8%, now owning 133,674 shares worth around $74,000. Overall, institutional investors hold about 35.17% of Gevo's stock.

Analyst Predictions and Price Targets

Research analysts have provided various insights regarding Gevo's stock. HC Wainwright reiterated a "buy" rating with a price target of $14.00 as of November 13th. Meanwhile, UBS Group increased its price target from $0.85 to $3.25, maintaining a "neutral" rating for the stock.

Gevo Stock Performance

On Thursday, Gevo's stock was trading at $1.99, having risen by $0.48 during midday trading. The overall trading volume reached 19,242,071 shares, significantly higher than the average of 5,755,698 shares. Over the past year, Gevo's stock has fluctuated between a low of $0.48 and a high of $3.39. The company currently holds a market cap of $476.37 million, with a price-to-earnings ratio of -5.85 and a beta of 2.83. Additionally, the company shows strong liquidity, with a quick ratio of 8.05 and a current ratio of 8.25.

About Gevo, Inc.

Gevo, Inc. is classified as a carbon abatement company and operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. They focus on converting renewable energy into liquid hydrocarbons that can be utilized as renewable fuels, supplying renewable gasoline, diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, and ethanol, among others.

Gevo, Options, Stocks