Gevo (NASDAQ:GEVO) Releases Earnings Results, Beats Expectations By $0.07 EPS

Key Points

• Gevo reported earnings of $0.01 EPS for the quarter, exceeding expectations by $0.07, despite a negative return on equity of 16.41% and a net margin of -193.87%.
• Shares of Gevo increased by 5.9% during Monday's trading, reaching $1.25, with a significant volume of over 11 million shares exchanged.
• Goldman Sachs Group Inc. raised its position in Gevo by 11.8%, reflecting growing institutional interest in the company amid its recent performance.

Gevo (NASDAQ:GEVO - Get Free Report) released its earnings results on Monday. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07, Zacks reports. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%.

Gevo Stock Up 5.9%

Shares of NASDAQ:GEVO traded up $0.07 during midday trading on Monday, hitting $1.25. 11,424,723 shares of the stock were exchanged, compared to its average volume of 2,583,323. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.04. Gevo has a 52-week low of $0.54 and a 52-week high of $3.39. The business's fifty day simple moving average is $1.35 and its two-hundred day simple moving average is $1.33. The company has a market capitalization of $299.45 million, a PE ratio of -3.47 and a beta of 2.67.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 116,060 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total value of $142,753.80. Following the sale, the chief executive officer directly owned 3,847,104 shares of the company's stock, valued at approximately $4,731,937.92. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Bloom sold 42,073 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total value of $51,749.79. Following the completion of the sale, the insider directly owned 1,000,683 shares in the company, valued at approximately $1,230,840.09. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 974,354 shares of company stock valued at $1,225,620 in the last quarter. Corporate insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Gevo

An institutional investor recently raised its position in Gevo stock. Goldman Sachs Group Inc. boosted its holdings in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,164,499 shares of the energy company's stock after purchasing an additional 123,170 shares during the period. Goldman Sachs Group Inc. owned about 0.49% of Gevo worth $1,351,000 as of its most recent SEC filing. 35.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. HC Wainwright restated a "buy" rating and issued a $14.00 target price on shares of Gevo in a report on Friday, May 30th. Wall Street Zen lowered Gevo from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

Gevo Company Profile

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.

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