Stifel Financial Corp lifted its position in EVgo, Inc. (NASDAQ:EVGO - Free Report) by 677.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,308 shares of the company's stock after acquiring an additional 398,481 shares during the quarter. Stifel Financial Corp owned approximately 0.15% of EVgo worth $1,852,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. HITE Hedge Asset Management LLC grew its position in EVgo by 152.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,046,417 shares of the company's stock worth $4,238,000 after purchasing an additional 632,511 shares in the last quarter. Marshall Wace LLP increased its position in shares of EVgo by 52.6% during the fourth quarter. Marshall Wace LLP now owns 3,429,931 shares of the company's stock valued at $13,891,000 after acquiring an additional 1,182,431 shares during the last quarter. Mariner LLC bought a new stake in EVgo during the fourth quarter worth $48,000. Barclays PLC boosted its position in EVgo by 138.0% in the fourth quarter. Barclays PLC now owns 316,538 shares of the company's stock worth $1,282,000 after purchasing an additional 183,557 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in EVgo in the 4th quarter valued at $1,244,000. Hedge funds and other institutional investors own 17.44% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. UBS Group reduced their price target on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of EVgo in a research report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $8.00 price target on shares of EVgo in a research note on Wednesday, March 5th. Stifel Nicolaus lowered their price objective on EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of EVgo in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $5.78.
Check Out Our Latest Stock Analysis on EVgo
EVgo Stock Down 4.4 %
NASDAQ:EVGO traded down $0.17 during mid-day trading on Friday, hitting $3.66. 5,720,901 shares of the stock traded hands, compared to its average volume of 4,354,259. The business's 50-day moving average price is $2.69 and its 200 day moving average price is $4.11. The company has a market cap of $1.12 billion, a PE ratio of -8.71 and a beta of 2.27. EVgo, Inc. has a 12-month low of $1.80 and a 12-month high of $9.07.
EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.02. The firm had revenue of $75.29 million for the quarter, compared to analysts' expectations of $70.11 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The firm's revenue for the quarter was up 36.4% on a year-over-year basis. Analysts anticipate that EVgo, Inc. will post -0.45 earnings per share for the current fiscal year.
About EVgo
(
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.
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