HBK Investments L P bought a new stake in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 250,000 shares of the company's stock, valued at approximately $1,012,000. HBK Investments L P owned 0.08% of EVgo as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of EVgo by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock worth $49,414,000 after purchasing an additional 2,043,449 shares in the last quarter. Pamalican Asset Management Ltd acquired a new position in EVgo in the 4th quarter worth $5,455,000. Marshall Wace LLP lifted its holdings in EVgo by 52.6% in the 4th quarter. Marshall Wace LLP now owns 3,429,931 shares of the company's stock worth $13,891,000 after buying an additional 1,182,431 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of EVgo by 5,576.8% during the fourth quarter. Renaissance Technologies LLC now owns 669,861 shares of the company's stock valued at $2,713,000 after acquiring an additional 658,061 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of EVgo during the fourth quarter valued at about $2,619,000. 17.44% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, President Dennis G. Kish sold 44,184 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.41, for a total value of $150,667.44. Following the sale, the president now directly owns 95,986 shares in the company, valued at $327,312.26. This trade represents a 31.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 58.79% of the stock is owned by insiders.
EVgo Stock Up 2.4 %
Shares of EVGO stock opened at $2.60 on Friday. The business has a 50 day moving average of $2.63 and a two-hundred day moving average of $4.42. The company has a market cap of $796.44 million, a P/E ratio of -6.19 and a beta of 2.28. EVgo, Inc. has a 52 week low of $1.65 and a 52 week high of $9.07.
EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.04. The company had revenue of $67.51 million for the quarter, compared to analyst estimates of $69.49 million. Analysts expect that EVgo, Inc. will post -0.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on EVGO. Cantor Fitzgerald reissued an "overweight" rating and issued a $8.00 price target on shares of EVgo in a report on Wednesday, March 5th. UBS Group decreased their price target on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of EVgo in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of EVgo from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their price target on shares of EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $5.78.
Check Out Our Latest Research Report on EVgo
EVgo Profile
(
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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