EVgo, Inc. (NASDAQ:EVGO) President Dennis G. Kish Sells 73,215 Shares

EVgo, Inc. (NASDAQ:EVGO) President Dennis G. Kish sold 73,215 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $3.69, for a total transaction of $270,163.35. Following the transaction, the president now owns 72,269 shares of the company’s stock, valued at $266,672.61. The trade was a 50.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EVgo Price Performance

EVGO stock opened at $3.72 on Wednesday. EVgo, Inc. has a one year low of $1.92 and a one year high of $9.07. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -8.86 and a beta of 2.27. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.83.

EVgo (NASDAQ:EVGO) last posted its earnings results 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 analyst estimates of $70.11 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. Research analysts anticipate that EVgo, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On EVgo

A number of institutional investors have recently made changes to their positions in EVGO. Clear Harbor Asset Management LLC bought a new position in shares of EVgo during the fourth quarter worth approximately $72,000. Rhumbline Advisers grew its holdings in EVgo by 3.2% in the 4th quarter. Rhumbline Advisers now owns 148,541 shares of the company’s stock valued at $602,000 after buying an additional 4,622 shares in the last quarter. New York State Common Retirement Fund grew its holdings in EVgo by 70.6% in the 4th quarter. New York State Common Retirement Fund now owns 31,173 shares of the company’s stock valued at $126,000 after buying an additional 12,900 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in EVgo during the 4th quarter worth $425,000. Finally, Olympiad Research LP acquired a new stake in shares of EVgo during the fourth quarter worth $139,000. Institutional investors own 17.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EVGO. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research note on Wednesday, March 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 price objective on shares of EVgo in a report on Wednesday, March 5th. Evercore ISI dropped their target price on EVgo from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Stifel Nicolaus decreased their price target on EVgo from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Roth Capital reaffirmed a “buy” rating on shares of EVgo in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EVgo presently has an average rating of “Buy” and an average 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.