Dennis G. Kish Sells 17,379 Shares of EVgo, Inc. (NYSE:EVGO) Stock

EVgo, Inc. (NYSE:EVGO) President Dennis G. Kish sold 17,379 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $4.32, for a total transaction of $75,077.28. Following the completion of the transaction, the president now owns 13,655 shares of the company’s stock, valued at $58,989.60. This trade represents a 56.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EVgo Trading Up 3.1 %

EVGO stock opened at $4.32 on Friday. The firm’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $4.89. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -10.29 and a beta of 2.24. EVgo, Inc. has a 12-month low of $1.65 and a 12-month high of $9.07.

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

Institutional Trading of EVgo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVGO. State Street Corp raised 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 worth $17,358,000 after purchasing an additional 847,777 shares in the last quarter. Geode Capital Management LLC raised its stake in EVgo by 3.9% in 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 in the last quarter. Marshall Wace LLP lifted its holdings in EVgo by 66.4% in the second quarter. Marshall Wace LLP now owns 1,633,304 shares of the company’s stock worth $4,002,000 after buying an additional 651,475 shares during the period. SIR Capital Management L.P. boosted its position in EVgo by 76.9% during the 2nd quarter. SIR Capital Management L.P. now owns 958,600 shares of the company’s stock valued at $2,349,000 after acquiring an additional 416,800 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of EVgo during the 2nd quarter worth approximately $1,749,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EVGO. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a report on Wednesday, November 13th. Capital One Financial raised EVgo to a “strong-buy” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada increased their target price on shares of EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Finally, Marathon Capitl raised shares of EVgo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, EVgo has a consensus rating of “Buy” and a consensus target price of $6.61.

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.