International Assets Investment Management LLC Purchases New Shares in EVgo, Inc. (NYSE:EVGO)
International Assets Investment Management LLC acquired a new position in shares of EVgo, Inc. (NYSE:EVGO – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,110 shares of the company’s stock, valued at approximately $580,000. Several other hedge funds and other institutional investors have also added to or reduced their stakes in EVGO. Swiss National Bank raised its position in shares of EVgo by 1.9% during the 3rd quarter. Swiss National Bank now owns 222,100 shares of the company’s stock worth $751,000 after purchasing an additional 4,100 shares during the last quarter. Barclays PLC lifted its position in shares of EVgo by 7.6% in the third quarter. Barclays PLC now owns 114,829 shares of the company’s stock valued at $389,000 after acquiring an additional 8,134 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of EVgo by 43.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 29,160 shares of the company’s stock worth $99,000 after acquiring an additional 8,800 shares during the last quarter. Headlands Technologies LLC acquired a new position in EVgo in the 3rd quarter valued at $32,000. Finally, Sigma Planning Corp acquired a new stake in EVgo during the 3rd quarter worth $36,000. 17.44% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of brokerages recently issued reports on EVGO. Cantor Fitzgerald raised shares of EVgo from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $5.00 to $4.00 in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Wednesday, May 8th. Citigroup dropped their price target on shares of EVgo from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Evercore ISI decreased their price objective on shares of EVgo from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $4.00 target price on shares of EVgo in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.67. Check Out Our Latest Stock Report on EVGO EVgo Stock Down 3.4 % NYSE:EVGO opened at $2.28 on Monday. The company has a market cap of $688.63 million, a price-to-earnings ratio of -6.00 and a beta of 2.53. EVgo, Inc. has a 52 week low of $1.65 and a 52 week high of $5.95. The company has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $2.60. EVgo (NYSE:EVGO – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company had revenue of $55.16 million for the quarter, compared to analyst estimates of $52.41 million. The company’s revenue for the quarter was up 118.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. On average, analysts expect that EVgo, Inc. will post -0.38 EPS for the current year. Insider Buying and Selling In other news, CEO Badar Khan purchased 125,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $2.01 per share, for a total transaction of $251,250.00. Following the completion of the purchase, the chief executive officer now directly owns 143,874 shares of the company’s stock, valued at $289,186.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Dennis G. Kish sold 34,717 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $3.00, for a total transaction of $104,151.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Badar Khan bought 125,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $2.01 per share, with a total value of $251,250.00. Following the purchase, the chief executive officer now owns 143,874 shares of the company’s stock, valued at $289,186.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 56,230 shares of company stock worth $167,409. Company insiders own 66.96% of the company’s stock. EVgo Company 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.
