EVgo (NYSE:EVGO) Trading Up 6%

EVgo, Inc. (NYSE:EVGO - Get Free Report) traded up 6% during mid-day trading on Friday . The stock traded as high as $4.51 and last traded at $4.43. 312,430 shares changed hands during trading, a decline of 90% from the average session volume of 3,125,403 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

A number of research analysts have weighed in on EVGO shares. Needham & Company LLC reissued a "hold" rating on shares of EVgo in a research report on Thursday, August 29th. Stifel Nicolaus dropped their price target on EVgo from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. UBS Group started coverage on EVgo in a research report on Monday, July 22nd. They issued a "neutral" rating and a $4.00 price objective for the company. Benchmark boosted their target price on shares of EVgo from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price target on shares of EVgo in a report on Tuesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $4.63.

EVgo Trading Down 5.7 %

The stock has a market cap of $1.19 billion, a P/E ratio of -10.87 and a beta of 2.58. The company's fifty day simple moving average is $3.65 and its 200-day simple moving average is $2.71.

EVgo (NYSE:EVGO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. The business had revenue of $66.62 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The firm's revenue for the quarter was up 31.8% on a year-over-year basis. As a group, analysts expect that EVgo, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at EVgo

In related news, insider Francine Sullivan sold 12,584 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $3.60, for a total transaction of $45,302.40. Following the completion of the sale, the insider now owns 117,327 shares in the company, valued at approximately $422,377.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Dennis G. Kish sold 16,414 shares of EVgo stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the transaction, the president now directly owns 47,614 shares of the company's stock, valued at $171,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Francine Sullivan sold 12,584 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $3.60, for a total transaction of $45,302.40. Following the sale, the insider now directly owns 117,327 shares in the company, valued at approximately $422,377.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,475 shares of company stock valued at $110,189. 66.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EVgo

A number of large investors have recently modified their holdings of EVGO. International Assets Investment Management LLC acquired a new stake in shares of EVgo in the 4th quarter valued at $580,000. Vanguard Group Inc. raised its holdings in EVgo by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company's stock worth $24,344,000 after purchasing an additional 37,168 shares during the last quarter. Wellington Management Group LLP lifted its position in EVgo by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 3,675,314 shares of the company's stock valued at $13,158,000 after purchasing an additional 951,272 shares during the period. Voisard Asset Management Group Inc. bought a new position in shares of EVgo in the 4th quarter valued at about $29,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of EVgo during the 1st quarter valued at $36,000. 17.44% of the stock is currently owned by institutional investors and hedge funds.

EVgo Company Profile

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.