BNP Paribas Financial Markets Purchases New Holdings in EVgo, Inc. (NASDAQ:EVGO)

BNP Paribas Financial Markets purchased a new stake in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,792,438 shares of the company's stock, valued at approximately $7,259,000. BNP Paribas Financial Markets owned approximately 0.59% of EVgo at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of EVgo by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock worth $49,414,000 after purchasing an additional 2,043,449 shares during the period. Pamalican Asset Management Ltd bought a new stake in shares of EVgo during the 4th quarter valued at about $5,455,000. Ghisallo Capital Management LLC acquired a new stake in EVgo during the fourth quarter worth about $5,180,000. Marshall Wace LLP lifted its holdings in EVgo by 52.6% in the fourth quarter. Marshall Wace LLP now owns 3,429,931 shares of the company's stock worth $13,891,000 after acquiring an additional 1,182,431 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in EVgo in the fourth quarter valued at approximately $4,050,000. 17.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI cut their price target on EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Needham & Company LLC reissued a "hold" rating on shares of EVgo in a report on Wednesday, March 5th. UBS Group dropped their price objective on shares of EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Roth Capital reiterated a "buy" rating on shares of EVgo in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their target price on shares of EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $6.25.

EVgo Price Performance

Shares of EVgo stock traded down $0.12 on Friday, hitting $3.85. The company had a trading volume of 4,969,387 shares, compared to its average volume of 4,435,221. EVgo, Inc. has a 52 week low of $1.92 and a 52 week high of $9.07. The company has a market cap of $1.18 billion, a PE ratio of -9.17 and a beta of 2.27. The business has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $3.95.

EVgo (NASDAQ:EVGO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $75.29 million for the quarter, compared to analyst estimates of $70.11 million. The firm's revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) earnings per share. On average, equities research analysts predict that EVgo, Inc. will post -0.45 earnings per share for the current fiscal year.

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.