Marshall Wace LLP Has $13.89 Million Stock Position in EVgo, Inc. (NASDAQ:EVGO)

Marshall Wace LLP lifted its holdings in EVgo, Inc. (NASDAQ:EVGO - Free Report) by 52.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,429,931 shares of the company's stock after purchasing an additional 1,182,431 shares during the quarter. Marshall Wace LLP owned about 1.13% of EVgo worth $13,891,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EVGO. Vanguard Group Inc. increased its position 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 acquiring an additional 2,043,449 shares in the last quarter. State Street Corp boosted its stake in EVgo by 25.3% in the 3rd quarter. State Street Corp now owns 4,192,828 shares of the company's stock worth $17,358,000 after purchasing an additional 847,777 shares during the period. Geode Capital Management LLC raised 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 during the period. Pamalican Asset Management Ltd acquired a new position in shares of EVgo during the fourth quarter worth about $5,455,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of EVgo by 93.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company's stock worth $4,915,000 after buying an additional 586,108 shares in the last quarter. 17.44% of the stock is owned by institutional investors.

EVgo Trading Up 5.0 %

Shares of NASDAQ:EVGO traded up $0.13 on Friday, hitting $2.73. The company had a trading volume of 2,652,918 shares, compared to its average volume of 4,195,210. The stock has a market cap of $836.26 million, a price-to-earnings ratio of -6.50 and a beta of 2.28. The stock has a 50 day moving average price of $2.63 and a 200 day moving average price of $4.39. EVgo, Inc. has a 1-year low of $1.72 and a 1-year high of $9.07.

EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. The company had revenue of $67.51 million during the quarter, compared to the consensus estimate of $69.49 million. Sell-side analysts anticipate that EVgo, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at EVgo

In other EVgo news, President Dennis G. Kish sold 44,184 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.41, for a total value of $150,667.44. Following the completion of the sale, the president now owns 95,986 shares of the company's stock, valued at $327,312.26. The trade was a 31.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 58.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on EVGO. Needham & Company LLC restated a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of EVgo from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Evercore ISI lowered their price target on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and set a $8.00 price objective on shares of EVgo in a research note on Wednesday, March 5th. Finally, UBS Group lowered their target price on EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $5.78.

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.