EVgo, Inc. (NASDAQ:EVGO) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) by 138.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,538 shares of the company's stock after purchasing an additional 183,557 shares during the period. Barclays PLC owned approximately 0.10% of EVgo worth $1,282,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in EVgo by 20.1% in the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock valued at $49,414,000 after acquiring an additional 2,043,449 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EVgo by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,432,183 shares of the company's stock valued at $9,853,000 after purchasing an additional 12,320 shares in the last quarter. Pamalican Asset Management Ltd purchased a new stake in shares of EVgo during the 4th quarter worth about $5,455,000. JPMorgan Chase & Co. increased its position in EVgo by 93.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company's stock worth $4,915,000 after purchasing an additional 586,108 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in EVgo by 5,576.8% in the fourth quarter. Renaissance Technologies LLC now owns 669,861 shares of the company's stock valued at $2,713,000 after buying an additional 658,061 shares during the period. Institutional investors and hedge funds own 17.44% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $8.00 price target on shares of EVgo in a research report on Wednesday, March 5th. Stifel Nicolaus cut their price target on EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. UBS Group reduced their price objective on shares of EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Evercore ISI dropped their target price on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Finally, Roth Capital reissued a "buy" rating on shares of EVgo in a research report on Wednesday. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $6.25.

EVgo Stock Performance

Shares of EVgo stock traded down $0.17 during trading on Friday, hitting $3.66. 5,720,901 shares of the stock were exchanged, compared to its average volume of 4,354,259. EVgo, Inc. has a 12 month low of $1.80 and a 12 month high of $9.07. The stock's fifty day moving average is $2.71 and its 200 day moving average is $4.05. The stock has a market cap of $1.12 billion, a PE ratio of -8.71 and a beta of 2.27.

EVgo (NASDAQ:EVGO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The firm had revenue of $75.29 million during the quarter, compared to the consensus estimate of $70.11 million. EVgo's revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) EPS. Sell-side analysts anticipate that EVgo, Inc. will post -0.45 EPS for the current fiscal year.

About EVgo

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.