Evogene (EVGN) Announces Earnings Results

Evogene (NASDAQ:EVGN) announced its quarterly earnings results on Wednesday. The biotechnology company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.04), MarketWatch Earnings reports. The firm had revenue of $0.64 million for the quarter. Evogene had a negative net margin of 1,147.40% and a negative return on equity of 33.97%.

Shares of Evogene stock opened at $1.92 on Friday. Evogene has a 12 month low of $1.98 and a 12 month high of $4.11.

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Evogene during the fourth quarter valued at $71,000. ARK Investment Management LLC increased its stake in shares of Evogene by 45.0% during the third quarter. ARK Investment Management LLC now owns 242,570 shares of the biotechnology company’s stock valued at $754,000 after buying an additional 75,223 shares during the period. Vanguard Group Inc. increased its stake in shares of Evogene by 11.0% during the third quarter. Vanguard Group Inc. now owns 514,089 shares of the biotechnology company’s stock valued at $1,599,000 after buying an additional 50,823 shares during the period. Finally, Vanguard Group Inc increased its stake in shares of Evogene by 11.0% during the third quarter. Vanguard Group Inc now owns 514,089 shares of the biotechnology company’s stock valued at $1,599,000 after buying an additional 50,823 shares during the period. Hedge funds and other institutional investors own 35.37% of the company’s stock.

Separately, ValuEngine lowered Evogene from a “buy” rating to a “hold” rating in a research note on Friday, December 21st.

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Evogene Company Profile

Evogene Ltd., a biotechnology company, engages in developing various products for various life science markets through the use of computational predictive biology platform. It discovers and develops products in various areas, including ag-chemicals, ag-biologicals, seed traits, integrated castor oil ag-solutions, and human microbiome-based therapeutics.

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Earnings History for Evogene (NASDAQ:EVGN)

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