Centiva Capital LP Purchases Shares of 47,219 EVgo, Inc. (NYSE:EVGO)

Centiva Capital LP acquired a new stake in EVgo, Inc. (NYSE:EVGO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 47,219 shares of the company’s stock, valued at approximately $195,000.

A number of other hedge funds have also bought and sold shares of EVGO. Legacy Capital Wealth Partners LLC bought a new stake in EVgo during the second quarter worth $27,000. Point72 DIFC Ltd acquired a new position in EVgo in the 2nd quarter worth about $45,000. International Assets Investment Management LLC bought a new position in EVgo in the third quarter valued at about $51,000. Creative Planning grew its holdings in shares of EVgo by 32.7% during the third quarter. Creative Planning now owns 13,365 shares of the company’s stock worth $55,000 after purchasing an additional 3,297 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in EVgo by 47.0% during the 2nd quarter. SG Americas Securities LLC now owns 24,049 shares of the company’s stock worth $59,000 after acquiring an additional 7,687 shares during the last quarter. 17.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EVGO shares. Stifel Nicolaus raised their target price on EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of EVgo in a research note on Monday, September 30th. Royal Bank of Canada increased their price objective on shares of EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. UBS Group raised EVgo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $8.50 in a report on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.61.

Insider Buying and Selling at EVgo

In other news, CEO Badar Khan sold 166,725 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.14, for a total value of $856,966.50. Following the completion of the transaction, the chief executive officer now directly owns 348,761 shares in the company, valued at approximately $1,792,631.54. This represents a 32.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 66.96% of the company’s stock.

EVgo Stock Performance

Shares of NYSE EVGO opened at $6.22 on Friday. The stock has a fifty day moving average of $6.88 and a 200-day moving average of $4.60. The stock has a market cap of $1.89 billion, a PE ratio of -14.81 and a beta of 2.24. EVgo, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $9.07.

EVgo (NYSE:EVGO) last posted its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $67.50 million for the quarter, compared to analyst estimates of $66.52 million. The company’s revenue for the quarter was up 92.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. On average, sell-side analysts predict that EVgo, Inc. will post -0.41 EPS for the current year.

EVgo 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.