EVgo, Inc. (NYSE:EVGO) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in EVgo, Inc. (NYSE:EVGO - Free Report) by 280.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,981 shares of the company's stock after purchasing an additional 98,041 shares during the quarter. Barclays PLC's holdings in EVgo were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVGO. Creative Planning boosted its holdings in EVgo by 32.7% during the third quarter. Creative Planning now owns 13,365 shares of the company's stock worth $55,000 after buying an additional 3,297 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of EVgo by 31.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company's stock valued at $60,000 after acquiring an additional 3,500 shares during the period. Janus Henderson Group PLC boosted its stake in shares of EVgo by 20.2% during the 3rd quarter. Janus Henderson Group PLC now owns 52,416 shares of the company's stock worth $217,000 after acquiring an additional 8,800 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of EVgo by 9.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 122,945 shares of the company's stock worth $509,000 after acquiring an additional 10,532 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in EVgo in the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 17.44% of the company's stock.

Insider Transactions at EVgo

In other news, President Dennis G. Kish sold 17,379 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $4.32, for a total value of $75,077.28. Following the transaction, the president now directly owns 13,655 shares in the company, valued at $58,989.60. This trade represents a 56.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Badar Khan sold 166,725 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.14, for a total value of $856,966.50. Following the sale, the chief executive officer now owns 348,761 shares of the company's stock, valued at $1,792,631.54. The trade was a 32.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,184,104 shares of company stock worth $115,932,044 in the last three months. Company insiders own 66.96% of the company's stock.

EVgo Price Performance

EVGO stock traded down $0.18 during midday trading on Friday, hitting $3.41. The stock had a trading volume of 6,047,068 shares, compared to its average volume of 7,260,701. The company's 50-day moving average price is $5.15 and its 200 day moving average price is $5.01. The firm has a market cap of $1.03 billion, a PE ratio of -8.12 and a beta of 2.35. EVgo, Inc. has a 12-month low of $1.65 and a 12-month high of $9.07.

EVgo (NYSE:EVGO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $67.50 million during the quarter, compared to analyst estimates of $66.52 million. During the same quarter last year, the business earned ($0.09) EPS. The firm's revenue was up 92.3% on a year-over-year basis. As a group, sell-side analysts anticipate that EVgo, Inc. will post -0.45 EPS for the current year.

Analyst Ratings Changes

EVGO has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of EVgo in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of EVgo from $4.00 to $8.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their target price on shares of EVgo from $6.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group raised shares of EVgo from a "neutral" rating to a "buy" rating and upped their price target for the company from $4.00 to $8.50 in a report on Thursday, October 10th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $5.00 price objective on shares of EVgo in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $6.61.

About EVgo

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.