EVgo, Inc. (NYSE:EVGO – Get 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:EVGO – Get 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.
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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
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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