EVgo, Inc. (NYSE:EVGO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its position in EVgo, Inc. (NYSE:EVGO) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,746 shares of the company’s stock after selling 6,254 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EVgo were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of EVgo by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 3,675,314 shares of the company’s stock valued at $13,158,000 after acquiring an additional 951,272 shares during the period. Vanguard Group Inc. increased its stake in shares of EVgo by 4.6% during the third quarter. Vanguard Group Inc. now owns 9,501,327 shares of the company’s stock valued at $32,114,000 after acquiring an additional 421,704 shares during the period. KBC Group NV increased its stake in shares of EVgo by 88.7% during the fourth quarter. KBC Group NV now owns 227,367 shares of the company’s stock valued at $814,000 after acquiring an additional 106,869 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of EVgo during the fourth quarter valued at approximately $121,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of EVgo during the first quarter valued at approximately $71,000. Institutional investors and hedge funds own 17.44% of the company’s stock.

Wall Street Analyst Weigh In

EVGO has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $4.00 price objective on shares of EVgo in a research note on Monday. Evercore ISI lowered their price objective on shares of EVgo from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. UBS Group started coverage on shares of EVgo in a report on Monday. They set a “neutral” rating and a $4.00 target price for the company. Benchmark raised their target price on shares of EVgo from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $4.00 target price on shares of EVgo in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.29.

Insider Buying and Selling

In related news, CEO Badar Khan bought 125,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $2.01 per share, with a total value of $251,250.00. Following the purchase, the chief executive officer now directly owns 143,874 shares of the company’s stock, valued at approximately $289,186.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 66.96% of the company’s stock.

EVgo Stock Down 3.5 %

EVgo stock opened at $3.62 on Friday. The company has a 50 day moving average price of $2.57 and a 200 day moving average price of $2.42. EVgo, Inc. has a 52 week low of $1.65 and a 52 week high of $5.95.

EVgo (NYSE:EVGO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $55.16 million during the quarter, compared to analyst estimates of $52.41 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 118.0% on a year-over-year basis. Research analysts predict that EVgo, Inc. will post -0.38 earnings per share for the current 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.