Shares of EVgo, Inc. (NYSE:EVGO - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.04 and last traded at $8.97, with a volume of 519016 shares. The stock had previously closed at $8.94.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on EVGO shares. TD Cowen raised EVgo from a "hold" rating to a "buy" rating and upped their price target for the company from $5.00 to $7.00 in a research report on Thursday, October 3rd. UBS Group raised shares of EVgo from a "neutral" rating to a "buy" rating and boosted their price target for the company from $4.00 to $8.50 in a research report on Thursday, October 10th. Benchmark upped their price target on shares of EVgo from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Needham & Company LLC restated a "hold" rating on shares of EVgo in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 price target on shares of EVgo in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $6.17.
Check Out Our Latest Report on EVGO
EVgo Trading Down 1.5 %
The company has a market cap of $2.66 billion, a P/E ratio of -23.13 and a beta of 2.58. The company's fifty day moving average is $5.26 and its 200 day moving average is $3.49.
EVgo (NYSE:EVGO - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $66.62 million during the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business's revenue for the quarter was up 31.8% compared to the same quarter last year. Analysts anticipate that EVgo, Inc. will post -0.4 EPS for the current year.
Insider Activity
In other EVgo news, President Dennis G. Kish sold 16,414 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $3.60, for a total transaction of $59,090.40. Following the transaction, the president now directly owns 47,614 shares of the company's stock, valued at approximately $171,410.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EVgo news, President Dennis G. Kish sold 16,414 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the sale, the president now directly owns 47,614 shares in the company, valued at $171,410.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Francine Sullivan sold 12,584 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $45,302.40. Following the transaction, the insider now owns 117,327 shares in the company, valued at $422,377.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 66.96% of the company's stock.
Institutional Investors Weigh In On EVgo
Several hedge funds have recently bought and sold shares of EVGO. Wellington Management Group LLP grew its stake in shares of EVgo by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 3,675,314 shares of the company's stock worth $13,158,000 after acquiring an additional 951,272 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in EVgo during the 1st quarter valued at about $71,000. SG Americas Securities LLC bought a new stake in EVgo during the 1st quarter valued at about $41,000. Bleakley Financial Group LLC purchased a new position in EVgo in the first quarter worth about $36,000. Finally, Vanguard Group Inc. lifted its stake in shares of EVgo by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company's stock worth $24,344,000 after buying an additional 37,168 shares in the last quarter. Institutional investors own 17.44% of the company's stock.
About EVgo
(
Get 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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