FORA Capital LLC Takes Position in EVgo, Inc. (NASDAQ:EVGO)

FORA Capital LLC purchased a new stake in shares of EVgo, Inc. (NASDAQ:EVGO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,921 shares of the company’s stock, valued at approximately $56,000.

Other large investors have also added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of EVgo during the 4th quarter valued at approximately $48,000. SCP Investment LP bought a new position in EVgo during the fourth quarter valued at $60,000. Clear Harbor Asset Management LLC purchased a new stake in EVgo in the fourth quarter worth $72,000. Polymer Capital Management US LLC bought a new stake in shares of EVgo in the fourth quarter valued at $73,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of EVgo during the 4th quarter valued at $80,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.

EVgo Price Performance

Shares of EVGO opened at $3.66 on Friday. EVgo, Inc. has a 1-year low of $1.80 and a 1-year high of $9.07. The company has a market capitalization of $1.12 billion, a P/E ratio of -8.71 and a beta of 2.27. The firm’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $4.05.

EVgo (NASDAQ:EVGO) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The company had revenue of $75.29 million for the quarter, compared to the consensus estimate of $70.11 million. The business’s revenue was up 36.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts anticipate that EVgo, Inc. will post -0.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EVGO shares. Roth Capital restated a “buy” rating on shares of EVgo in a research note on Wednesday. UBS Group dropped 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. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Wednesday, March 5th. Evercore ISI cut their target price on EVgo from $7.00 to $4.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $8.00 price target on shares of EVgo in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, EVgo currently has an average rating of “Buy” and a consensus price target 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.