Landscape Capital Management L.L.C. acquired a new position in EVgo, Inc. (NASDAQ:EVGO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 646,599 shares of the company's stock, valued at approximately $2,619,000. Landscape Capital Management L.L.C. owned 0.21% of EVgo as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP acquired a new stake in EVgo in the fourth quarter worth approximately $1,523,000. Crescent Park Management L.P. bought a new stake in shares of EVgo in the 4th quarter worth approximately $377,000. Trexquant Investment LP bought a new stake in shares of EVgo in the 4th quarter worth approximately $2,556,000. Geode Capital Management LLC boosted its holdings in EVgo by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,432,183 shares of the company's stock worth $9,853,000 after buying an additional 12,320 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in EVgo by 71.1% in the fourth quarter. Headlands Technologies LLC now owns 122,642 shares of the company's stock worth $497,000 after buying an additional 50,948 shares during the last quarter. Institutional investors own 17.44% of the company's stock.
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 transaction, the president now directly owns 95,986 shares of the company's stock, valued at approximately $327,312.26. This trade represents a 31.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 66.96% of the company's stock.
Wall Street Analyst Weigh In
EVGO has been the topic of a number of recent research reports. Evercore ISI decreased their target price on EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and set a $8.00 price objective on shares of EVgo in a report on Wednesday, March 5th. Stifel Nicolaus decreased their target price on shares of EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on EVgo from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of EVgo in a research report on Wednesday, March 5th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $5.78.
Check Out Our Latest Stock Analysis on EVgo
EVgo Price Performance
NASDAQ:EVGO traded down $0.07 during mid-day trading on Wednesday, reaching $2.34. The stock had a trading volume of 1,420,617 shares, compared to its average volume of 4,408,182. The stock has a market cap of $716.80 million, a P/E ratio of -5.57 and a beta of 2.28. The business's 50 day moving average is $2.79 and its 200 day moving average is $4.62. EVgo, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $9.07.
EVgo (NASDAQ:EVGO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate 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 EPS for the current year.
About EVgo
(
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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