EVgo, Inc. (NYSE:EVGO) President Sells $150,667.44 in Stock

EVgo, Inc. (NYSE:EVGOGet Free Report) President Dennis G. Kish sold 44,184 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.41, for a total value of $150,667.44. Following the completion of the sale, the president now directly owns 95,986 shares of the company’s stock, valued at $327,312.26. The trade was a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

EVgo Stock Up 0.3 %

NYSE EVGO traded up $0.01 during trading hours on Tuesday, hitting $3.46. 2,387,810 shares of the stock were exchanged, compared to its average volume of 5,328,022. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -8.24 and a beta of 2.32. EVgo, Inc. has a 12-month low of $1.65 and a 12-month high of $9.07. The stock has a 50-day moving average of $4.59 and a 200 day moving average of $5.03.

EVgo (NYSE:EVGOGet Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $67.50 million during the quarter, compared to analyst estimates of $66.52 million. The company’s quarterly revenue was up 92.3% on a year-over-year basis. During the same period last year, the business posted ($0.09) earnings per share. On average, equities research analysts expect that EVgo, Inc. will post -0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on EVGO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Thursday, January 16th. Stifel Nicolaus lifted their target price on shares of EVgo from $6.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on shares of EVgo from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. Finally, Marathon Capitl raised shares of EVgo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Two research 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. According to MarketBeat.com, EVgo currently has an average rating of “Buy” and an average price target of $6.22.

Get Our Latest Analysis on EVgo

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVGO. State Street Corp grew its holdings in EVgo by 25.3% in the 3rd quarter. State Street Corp now owns 4,192,828 shares of the company’s stock valued at $17,358,000 after buying an additional 847,777 shares during the period. Geode Capital Management LLC grew its holdings in EVgo by 3.9% in the third quarter. Geode Capital Management LLC now owns 2,419,863 shares of the company’s stock valued at $10,020,000 after purchasing an additional 90,887 shares during the period. HITE Hedge Asset Management LLC increased its position in EVgo by 105.0% during the third quarter. HITE Hedge Asset Management LLC now owns 413,906 shares of the company’s stock worth $1,714,000 after purchasing an additional 212,004 shares during the last quarter. Squarepoint Ops LLC purchased a new position in EVgo during the second quarter worth approximately $495,000. Finally, Verition Fund Management LLC purchased a new position in EVgo during the third quarter worth approximately $653,000. Institutional investors and hedge funds 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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Insider Buying and Selling by Quarter for EVgo (NYSE:EVGO)

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