631,131 Shares in EVgo, Inc. (NASDAQ:EVGO) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in EVgo, Inc. (NASDAQ:EVGO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 631,131 shares of the company's stock, valued at approximately $2,556,000. Trexquant Investment LP owned about 0.21% of EVgo as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of EVgo by 20.1% in the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock valued at $49,414,000 after purchasing an additional 2,043,449 shares during the last quarter. State Street Corp grew its position in EVgo by 25.3% in the third quarter. State Street Corp now owns 4,192,828 shares of the company's stock valued at $17,358,000 after purchasing an additional 847,777 shares in the last quarter. Geode Capital Management LLC increased its stake in EVgo by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,432,183 shares of the company's stock valued at $9,853,000 after buying an additional 12,320 shares during the last quarter. JPMorgan Chase & Co. lifted its position in EVgo by 93.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company's stock worth $4,915,000 after buying an additional 586,108 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of EVgo during the 4th quarter worth about $2,321,000. Institutional investors own 17.44% of the company's stock.

Insider Buying and Selling at EVgo

In other news, President Dennis G. Kish sold 44,184 shares of EVgo stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.41, for a total transaction of $150,667.44. Following the completion of the sale, the president now owns 95,986 shares of the company's stock, valued at approximately $327,312.26. This trade represents a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 66.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EVGO shares. Stifel Nicolaus dropped their target price on EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Evercore ISI dropped their price objective on EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reissued a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of EVgo from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $8.00 price target on shares of EVgo in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, EVgo currently has an average rating of "Buy" and a consensus price target of $5.78.

EVgo Stock Up 7.1 %

Shares of NASDAQ EVGO traded up $0.18 during mid-day trading on Friday, reaching $2.71. 2,589,770 shares of the company were exchanged, compared to its average volume of 4,421,536. The stock has a market capitalization of $830.14 million, a P/E ratio of -6.45 and a beta of 2.28. The company's 50-day simple moving average is $2.72 and its 200-day simple moving average is $4.58. EVgo, Inc. has a twelve month low of $1.65 and a twelve month high of $9.07.

EVgo (NASDAQ:EVGO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, equities research analysts expect that EVgo, Inc. will post -0.45 EPS for the current year.

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.