Gevo (NASDAQ:GEVO) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Gevo (NASDAQ:GEVO) announced its quarterly earnings results on Thursday. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, FiscalAI reports. The company had revenue of $45.35 million for the quarter, compared to analysts’ expectations of $43.52 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%.

Gevo Trading Down 1.0%

Shares of NASDAQ:GEVO traded down $0.02 during trading on Thursday, hitting $1.89. The company had a trading volume of 5,139,126 shares, compared to its average volume of 2,607,820. The stock has a market cap of $457.97 million, a price-to-earnings ratio of -9.45 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The company has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $2.03. Gevo has a one year low of $0.92 and a one year high of $2.95.

Analyst Ratings Changes

GEVO has been the subject of several research analyst reports. Northland Securities reaffirmed an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a report on Wednesday, December 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Gevo currently has a consensus rating of “Hold” and a consensus target price of $6.42.

Insider Activity at Gevo

In related news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of Gevo stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $2.31, for a total value of $169,286.04. Following the completion of the sale, the chief financial officer directly owned 271,224 shares in the company, valued at $626,527.44. The trade was a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 83,284 shares of company stock worth $190,186 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in shares of Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after purchasing an additional 61,919 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after acquiring an additional 123,170 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Gevo by 915.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock valued at $160,000 after acquiring an additional 109,363 shares during the last quarter. Legal & General Group Plc purchased a new position in Gevo in the 2nd quarter worth approximately $28,000. Finally, Rhumbline Advisers acquired a new position in shares of Gevo during the 2nd quarter worth approximately $383,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.