Gevo Experiences Surge in Options Trading Activity

Gevo, Inc. (NASDAQ:GEVO) experienced a significant spike in options trading on Thursday. The company's traders purchased 12,387 call options, marking a remarkable increase of about 240% compared to the usual daily average of 3,647 call options.

Recent Insider Activity at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of Gevo's stock on October 17th. The shares were sold at an average price of $3.06, amounting to a total value of $48,960. Following this transaction, Bloom retains direct ownership of 947,882 shares, which are valued at approximately $2,900,518.92. This sale indicated a 1.66% reduction in his stock ownership. Additionally, on November 5th, insider Andrew Shafer also sold 26,911 shares at an average price of $2.37, generating $63,779.07. Following this transaction, Shafer owns 332,430 shares, valued at about $787,859.10, representing a 7.49% decrease in their ownership. Currently, insiders own 4.00% of the stock.

Investments from Hedge Funds

Several institutional investors and hedge funds have recently engaged in buying and selling activities concerning Gevo. For instance, Millennium Management LLC acquired a new position during the second quarter valued at approximately $2,888,000. Point72 Asset Management L.P. increased its stake by 54.2% in the third quarter, now holding 2,312,870 shares worth about $3,770,000 after purchasing an additional 812,870 shares. Point72 Asia Singapore Pte. Ltd. added a new position in the second quarter valued at $295,000, and Cubist Systematic Strategies LLC also acquired a new stake worth $112,000. Moreover, XTX Topco Ltd. raised its holdings by 61.8%, now owning 133,674 shares valued at $74,000. Overall, hedge funds and institutional investors own approximately 35.17% of the company's shares.

Analysts Offering Price Targets

Gevo has garnered attention from various research analysts. HC Wainwright reiterated a "buy" rating and set a price target of $14.00 for the stock on November 13th. Meanwhile, UBS Group raised its price target from $0.85 to $3.25 while assigning a "neutral" rating on October 22nd.

Gevo Stock Performance

Recently, Gevo's stock rose by 31.8%. During midday trading on Thursday, the stock increased by $0.48 and reached $1.99. Trading volume stood at 19,242,071 shares, significantly above its average volume of 5,755,698 shares. Over the past year, the stock reached a low of $0.48 and a high of $3.39. The company holds a market capitalization of $476.37 million, with a debt-to-equity ratio of 0.13. It has a quick ratio of 8.05 and a current ratio of 8.25, demonstrating its liquidity.

About Gevo

Gevo, Inc. operates as a carbon abatement company, focusing on converting renewable energy into high-energy liquid hydrocarbons used as renewable fuels. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The firm provides products like renewable gasoline, diesel, isobutanol, sustainable aviation fuel, and more.

Gevo, Options, Trading