Erste Asset Management GmbH bought a new stake in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 552,634 shares of the company's stock, valued at approximately $2,321,000. Erste Asset Management GmbH owned 0.18% of EVgo as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC acquired a new stake in shares of EVgo during the 4th quarter valued at $72,000. Blueshift Asset Management LLC acquired a new stake in shares of EVgo during the 3rd quarter valued at $80,000. Raymond James Financial Inc. acquired a new stake in shares of EVgo during the 4th quarter valued at $80,000. Paloma Partners Management Co acquired a new stake in shares of EVgo during the 3rd quarter valued at $99,000. Finally, Amundi acquired a new stake in shares of EVgo during the 4th quarter valued at $113,000. 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 44,184 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.41, for a total transaction of $150,667.44. Following the transaction, the president now owns 95,986 shares in the company, valued at approximately $327,312.26. The trade was a 31.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 66.96% of the company's stock.
EVgo Trading Up 4.3 %
EVgo stock traded up $0.11 on Wednesday, reaching $2.67. 2,750,272 shares of the stock were exchanged, compared to its average volume of 4,431,460. The stock has a market cap of $817.88 million, a PE ratio of -6.36 and a beta of 2.37. EVgo, Inc. has a twelve month low of $1.65 and a twelve month high of $9.07. The firm has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $4.80.
EVgo (NASDAQ:EVGO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.04. The company had revenue of $67.51 million for the quarter, compared to the consensus estimate of $69.49 million. Equities analysts anticipate that EVgo, Inc. will post -0.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
EVGO has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of EVgo from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus reduced their price objective on shares of EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. UBS Group reduced their price objective on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $8.00 price objective on shares of EVgo in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $6.11.
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EVgo Company Profile
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Free Report)
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.
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