Dennis G. Kish Sells 17,379 Shares of EVgo, Inc. (NYSE:EVGO) Stock

EVgo, Inc. (NYSE:EVGO) President Dennis G. Kish sold 17,379 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $4.32, for a total transaction of $75,077.28. Following the completion of the transaction, the president now directly owns 13,655 shares of the company’s stock, valued at approximately $58,989.60. The trade was a 56.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

EVgo Trading Up 3.1 %

Shares of EVGO stock opened at $4.32 on Monday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -10.29 and a beta of 2.24. EVgo, Inc. has a twelve month low of $1.65 and a twelve month high of $9.07. The stock has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $4.91.

EVgo (NYSE:EVGO) last posted its earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $67.50 million for the quarter, compared to analyst estimates of $66.52 million. During the same quarter last year, the business earned ($0.09) earnings per share. The business’s revenue for the quarter was up 92.3% on a year-over-year basis. Research analysts predict that EVgo, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of EVgo

A number of hedge funds have recently bought and sold shares of EVGO. Legacy Capital Wealth Partners LLC purchased a new position in EVgo in the second quarter valued at about $27,000. Point72 DIFC Ltd purchased a new position in shares of EVgo in the 2nd quarter worth approximately $45,000. International Assets Investment Management LLC bought a new position in shares of EVgo during the 3rd quarter worth approximately $51,000. Creative Planning raised its stake in shares of EVgo by 32.7% during the 3rd quarter. Creative Planning now owns 13,365 shares of the company’s stock worth $55,000 after acquiring an additional 3,297 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in EVgo during the third quarter valued at approximately $80,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.

Wall Street Analysts Forecast Growth

EVGO has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. TD Cowen upgraded shares of EVgo from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $7.00 in a research report on Thursday, October 3rd. UBS Group raised shares of EVgo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $8.50 in a research note on Thursday, October 10th. Stifel Nicolaus increased their price objective on shares of EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Capital One Financial upgraded EVgo to a “strong-buy” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.61.

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.