Gevo (NASDAQ:GEVO - Get Free Report) posted its earnings results on Monday. The energy company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07, Zacks reports. The firm had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.
Gevo Stock Down 1.4%
Shares of NASDAQ GEVO traded down $0.03 during midday trading on Friday, hitting $1.82. 896,776 shares of the stock traded hands, compared to its average volume of 4,988,430. The company has a market cap of $438.94 million, a PE ratio of -6.95 and a beta of 2.67. Gevo has a one year low of $0.66 and a one year high of $3.39. The business has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 2.33.
Insider Buying and Selling
In related news, EVP L Lynn Smull sold 60,331 shares of Gevo stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $77,223.68. Following the transaction, the executive vice president owned 1,109,271 shares of the company's stock, valued at $1,419,866.88. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Bloom sold 87,466 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $111,956.48. Following the completion of the sale, the insider owned 860,416 shares in the company, valued at approximately $1,101,332.48. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 974,354 shares of company stock worth $1,225,620 in the last ninety days. Corporate insiders own 6.80% of the company's stock.
Hedge Funds Weigh In On Gevo
A number of institutional investors have recently added to or reduced their stakes in GEVO. NewEdge Advisors LLC increased its position in shares of Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock valued at $123,000 after purchasing an additional 9,249 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after purchasing an additional 12,136 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Gevo during the 2nd quarter valued at about $28,000. Engineers Gate Manager LP bought a new position in shares of Gevo during the 2nd quarter valued at about $30,000. Finally, Prudential Financial Inc. bought a new position in shares of Gevo during the 2nd quarter valued at about $36,000. 35.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
GEVO has been the subject of several research reports. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 30th. Wall Street Zen downgraded Gevo from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.
Check Out Our Latest Stock Report on Gevo
About Gevo
(
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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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