1 week Ago By Defense World Staff
Invesco Ltd. lowered its position in EVgo, Inc. ( NASDAQ:EVGO – Free Report ) by 18.
0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,310,323 shares of the company’s stock after selling 288,193 shares during the quarter. Invesco Ltd.
owned 0.43% of EVgo worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also added to or reduced their stakes in EVGO.
Vanguard Group Inc. grew its holdings in EVgo by 20.1% during the 4th quarter.
Vanguard Group Inc. now owns 12,200,949 shares of the company’s stock worth $49,414,000 after acquiring an additional 2,043,449 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of EVgo in the fourth quarter worth $523,000.
JPMorgan Chase & Co. increased its holdings in EVgo by 93.4% in the fourth quarter.
JPMorgan Chase & Co. now owns 1,213,688 shares of the company’s stock valued at $4,915,000 after purchasing an additional 586,108 shares during the period. Geode Capital Management LLC increased 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. Finally, Crescent Park Management L.
P. bought a new position in EVgo during the 4th quarter worth $377,000. Institutional investors own 17.
44% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on EVGO shares. Stifel Nicolaus decreased their price target on EVgo from $10.
00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co.
decreased their target price on shares of EVgo from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th.
Evercore ISI dropped their price target on shares of EVgo from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st.
Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 target price on shares of EVgo in a report on Wednesday, March 5th.
Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $5.78.
Insider Transactions at EVgo In other EVgo news, President Dennis G. Kish sold 44,184 shares of the business’s stock in a transaction 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 completion of the sale, the president now owns 95,986 shares in the company, valued at approximately $327,312.
26. The trade was a 31.52 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 58.79% of the stock is owned by insiders.
EVgo Trading Up 5.0 % EVGO opened at $2.73 on Friday.
The company has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $4.38.
EVgo, Inc. has a 1-year low of $1.72 and a 1-year high of $9.
07. The company has a market cap of $836.26 million, a P/E ratio of -6.
50 and a beta of 2.28. EVgo ( NASDAQ:EVGO – Get Free Report ) last issued its earnings results on Tuesday, March 4th.
The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.
04. The firm had revenue of $67.51 million during the quarter, compared to the consensus estimate of $69.
49 million. On average, research analysts forecast that EVgo, Inc. will post -0.
45 EPS for the current fiscal year. EVgo Profile ( 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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