J. Goldman & Co LP Raises Stock Position in EVgo, Inc. (NASDAQ:EVGO)

J. Goldman & Co LP lifted its position in EVgo, Inc. (NASDAQ:EVGO) by 59.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,221,877 shares of the company’s stock after purchasing an additional 832,397 shares during the period. J. Goldman & Co LP owned 0.73% of EVgo worth $8,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its position in EVgo by 175.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company’s stock valued at $20,046,000 after purchasing an additional 3,153,073 shares in the last quarter. Vanguard Group Inc. grew its holdings in EVgo by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company’s stock worth $49,414,000 after acquiring an additional 2,043,449 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in EVgo during the 4th quarter valued at about $7,259,000. Pamalican Asset Management Ltd bought a new stake in shares of EVgo in the 4th quarter valued at about $5,455,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of EVgo in the 4th quarter valued at about $5,180,000. Institutional investors own 17.44% of the company’s stock.

EVgo Stock Down 4.4 %

Shares of NASDAQ EVGO opened at $3.66 on Friday. EVgo, Inc. has a 52 week low of $1.80 and a 52 week high of $9.07. The business’s 50 day moving average price is $2.71 and its 200 day moving average price is $4.05. The firm has a market cap of $1.12 billion, a P/E ratio of -8.71 and a beta of 2.27.

EVgo (NASDAQ:EVGO) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $75.29 million during the quarter, compared to analysts’ expectations of $70.11 million. During the same period last year, the company earned ($0.09) earnings per share. The firm’s revenue was up 36.4% on a year-over-year basis. As a group, research analysts expect that EVgo, Inc. will post -0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EVGO. Evercore ISI dropped their target price on EVgo from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus cut their target price on EVgo from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Roth Capital reissued a “buy” rating on shares of EVgo in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of EVgo in a research report on Wednesday, March 5th. Finally, UBS Group decreased their target price on shares of EVgo from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price 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.