International Assets Investment Management LLC Invests $580,000 in EVgo, Inc. (NYSE:EVGO)

International Assets Investment Management LLC bought a new position in shares of EVgo, Inc. (NYSE:EVGO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,110 shares of the company’s stock, valued at approximately $580,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in EVgo by 323.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,724,042 shares of the company’s stock valued at $9,207,000 after buying an additional 2,080,839 shares during the last quarter. Vanguard Group Inc. raised its position in EVgo by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,501,327 shares of the company’s stock valued at $32,114,000 after buying an additional 421,704 shares during the last quarter. Capula Management Ltd purchased a new stake in EVgo in the 3rd quarter valued at $797,000. Dark Forest Capital Management LP raised its position in EVgo by 1,862.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 244,722 shares of the company’s stock valued at $827,000 after buying an additional 232,250 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in EVgo in the 3rd quarter valued at $774,000. 17.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Olga Shevorenkova sold 29,772 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $2.26, for a total transaction of $67,284.72. Following the transaction, the chief financial officer now directly owns 154,989 shares of the company’s stock, valued at $350,275.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other EVgo news, CFO Olga Shevorenkova sold 29,772 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $2.26, for a total value of $67,284.72. Following the transaction, the chief financial officer now owns 154,989 shares of the company’s stock, valued at $350,275.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Dennis G. Kish sold 34,717 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $3.00, for a total value of $104,151.00. The disclosure for this sale can be found here. Insiders have sold a total of 86,002 shares of company stock valued at $234,693 over the last ninety days. 66.96% of the stock is currently owned by corporate insiders.

EVgo Stock Down 1.7 %

Shares of EVGO stock opened at $1.72 on Thursday. The business’s fifty day moving average is $2.37 and its 200 day moving average is $2.68. EVgo, Inc. has a twelve month low of $1.66 and a twelve month high of $6.48. The stock has a market cap of $518.61 million, a price-to-earnings ratio of -3.66 and a beta of 2.45.

EVgo (NYSE:EVGO) last released its earnings results on Wednesday, March 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The company had revenue of $50.00 million during the quarter, compared to the consensus estimate of $44.39 million. The company’s revenue was up 83.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. Equities research analysts expect that EVgo, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EVGO shares. Evercore ISI decreased their target price on EVgo from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $4.00 target price on shares of EVgo in a report on Friday, April 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $5.00 price target on shares of EVgo in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, EVgo has a consensus rating of “Moderate Buy” and an average target price of $5.19.

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.