J. Goldman & Co LP Purchases 832,397 Shares of EVgo, Inc. (NASDAQ:EVGO)

J. Goldman & Co LP lifted its stake in EVgo, Inc. (NASDAQ:EVGO - Free Report) by 59.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,221,877 shares of the company's stock after buying an additional 832,397 shares during the quarter. J. Goldman & Co LP owned about 0.73% of EVgo worth $8,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in EVgo by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,588 shares of the company's stock worth $351,000 after acquiring an additional 4,597 shares during the period. Rhumbline Advisers raised its position in shares of EVgo by 3.2% during the 4th quarter. Rhumbline Advisers now owns 148,541 shares of the company's stock valued at $602,000 after purchasing an additional 4,622 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of EVgo by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,794 shares of the company's stock valued at $1,210,000 after purchasing an additional 5,377 shares during the period. Paloma Partners Management Co lifted its stake in shares of EVgo by 25.0% during the 4th quarter. Paloma Partners Management Co now owns 30,000 shares of the company's stock valued at $122,000 after buying an additional 5,993 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in EVgo by 49.3% in the 4th quarter. Cetera Investment Advisers now owns 20,888 shares of the company's stock worth $85,000 after buying an additional 6,900 shares during the period. 17.44% of the stock is owned by hedge funds and other institutional investors.

EVgo Stock Down 3.0%

EVGO traded down $0.12 on Friday, hitting $3.85. The company had a trading volume of 4,966,057 shares, compared to its average volume of 4,435,140. The business's fifty day simple moving average is $2.82 and its 200 day simple moving average is $3.95. EVgo, Inc. has a 12-month low of $1.92 and a 12-month 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.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI lowered their price objective on 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 note on Wednesday, March 5th. Roth Capital restated a "buy" rating on shares of EVgo in a research report on Wednesday, May 7th. UBS Group reduced their target price on EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, Stifel Nicolaus dropped 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. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $6.25.

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.