1 week Ago By Defense World Staff
Vanguard Group Inc. raised its stake in EVgo, Inc. (NASDAQ:EVGO – Free Report) by 20.
1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,200,949 shares of the company’s stock after buying an additional 2,043,449 shares during the quarter. Vanguard Group Inc.
owned about 4.02% of EVgo worth $49,414,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company.
State Street Corp boosted its position in shares of EVgo by 25.3% during the 3rd quarter. State Street Corp now owns 4,192,828 shares of the company’s stock worth $17,358,000 after purchasing an additional 847,777 shares during the period.
Quantbot Technologies LP purchased a new position in shares of EVgo during the fourth quarter worth $523,000. Geode Capital Management LLC boosted its position in shares of EVgo by 3.9% during the third quarter.
Geode Capital Management LLC now owns 2,419,863 shares of the company’s stock worth $10,020,000 after buying an additional 90,887 shares during the period. Amundi acquired a new stake in shares of EVgo in the fourth quarter valued at $113,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of EVgo in the 4th quarter valued at $2,321,000.
Hedge funds and other institutional investors own 17.44% of the company’s stock. Insider Buying and SellingIn other EVgo news, President Dennis G.
Kish sold 44,184 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.41, for a total transaction of $150,667.
44. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
66.96% of the stock is owned by company insiders. EVgo Trading Up 7.
1 %Shares of EVGO opened at $2.71 on Friday. The firm’s fifty day simple moving average is $2.
72 and its 200-day simple moving average is $4.58. The firm has a market capitalization of $830.
14 million, a price-to-earnings ratio of -6.45 and a beta of 2.28.
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 posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.
11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04.
The business had revenue of $67.51 million during the quarter, compared to analyst estimates of $69.49 million.
On average, analysts predict that EVgo, Inc. will post -0.45 earnings per share for the current fiscal year.
Analyst Upgrades and DowngradesEVGO has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on EVgo from $6.
00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $8.
00 price objective on shares of EVgo in a report on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of EVgo from $10.00 to $8.
00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Evercore ISI decreased their price target on shares of EVgo from $7.00 to $4.
00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Wednesday, March 5th. Two 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.
Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $5.78.
View Our Latest Research Report on EVGOAbout EVgo (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.Recommended StoriesFive stocks we like better than EVgoEnergy and Oil Stocks ExplainedRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Invest in Blue Chip StocksAre These 3 Retail Stocks Oversold or Really in Trouble?How to Find Undervalued StocksIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
