Dennis G. Kish Sells 44,184 Shares of EVgo, Inc. (NYSE:EVGO) Stock

EVgo, Inc. (NYSE:EVGO - Get Free Report) President Dennis G. Kish sold 44,184 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.41, for a total value of $150,667.44. Following the completion of the transaction, the president now directly owns 95,986 shares in the company, valued at approximately $327,312.26. This represents a 31.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

EVgo Stock Down 7.5 %

NYSE EVGO traded down $0.25 during trading hours on Friday, hitting $3.09. 5,744,253 shares of the company were exchanged, compared to its average volume of 4,857,577. The stock has a market cap of $936.73 million, a PE ratio of -7.36 and a beta of 2.32. The stock has a 50-day moving average price of $4.40 and a 200 day moving average price of $5.00. EVgo, Inc. has a 52 week low of $1.65 and a 52 week 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) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The business had revenue of $67.50 million for the quarter, compared to the consensus estimate of $66.52 million. During the same period last year, the firm earned ($0.09) earnings per share. The firm's revenue for the quarter was up 92.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that EVgo, Inc. will post -0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVGO. JPMorgan Chase & Co. reduced their price target on shares of EVgo from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Friday, December 20th. Stifel Nicolaus increased their price target on shares of EVgo from $6.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. UBS Group reduced their price objective on EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Needham & Company LLC reissued a "hold" rating on shares of EVgo in a report on Thursday, January 16th. Finally, Marathon Capitl upgraded EVgo from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $6.22.

Hedge Funds Weigh In On EVgo

A number of large investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of EVgo by 25.3% during the third quarter. State Street Corp now owns 4,192,828 shares of the company's stock worth $17,358,000 after purchasing an additional 847,777 shares during the last quarter. Geode Capital Management LLC increased its stake in EVgo by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,419,863 shares of the company's stock worth $10,020,000 after buying an additional 90,887 shares during the period. HITE Hedge Asset Management LLC lifted its holdings in EVgo by 105.0% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 413,906 shares of the company's stock valued at $1,714,000 after buying an additional 212,004 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in EVgo by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,794 shares of the company's stock valued at $1,210,000 after buying an additional 5,377 shares during the period. Finally, Squarepoint Ops LLC bought a new position in EVgo in the 2nd quarter worth about $495,000. Hedge funds and other institutional investors own 17.44% of the company's stock.

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.