IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) by 95.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,449 shares of the company's stock after selling 489,061 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in EVgo were worth $87,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of EVGO. Rhumbline Advisers increased its holdings in shares of EVgo by 3.2% during the fourth quarter. Rhumbline Advisers now owns 148,541 shares of the company's stock worth $602,000 after purchasing an additional 4,622 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EVgo by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,794 shares of the company's stock worth $1,210,000 after acquiring an additional 5,377 shares during the period. Janus Henderson Group PLC increased its stake in 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 during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in 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 valued at $509,000 after acquiring an additional 10,532 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of EVgo by 29.9% during the 4th quarter. Intech Investment Management LLC now owns 49,462 shares of the company's stock valued at $200,000 after acquiring an additional 11,389 shares during the period. Institutional investors and hedge funds own 17.44% of the company's stock.
Insider Buying and Selling
In other news, President Dennis G. Kish sold 44,184 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.41, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 66.96% of the stock is owned by insiders.
EVgo Stock Performance
Shares of EVgo stock traded up $0.01 on Wednesday, hitting $2.72. The stock had a trading volume of 779,669 shares, compared to its average volume of 4,351,330. The stock has a 50 day moving average of $2.88 and a 200 day moving average of $4.70. EVgo, Inc. has a twelve month low of $1.65 and a twelve month high of $9.07. The firm has a market capitalization of $833.20 million, a P/E ratio of -6.48 and a beta of 2.37.
EVgo (NASDAQ:EVGO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.04. The business had revenue of $67.51 million for the quarter, compared to analyst estimates of $69.49 million. Equities analysts expect that EVgo, Inc. will post -0.45 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently commented on EVGO shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $8.00 price target on shares of EVgo in a research note on Wednesday, March 5th. Evercore ISI cut their price target on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating for the company in a report on Monday. Stifel Nicolaus decreased their price objective on shares of EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective 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, UBS Group reduced their target price on EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $5.78.
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EVgo 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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