J. Derek Lewis & Associates Inc. grew its position in EVgo Inc. (NASDAQ:EVGO – Free Report) by 1,127.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 515,625 shares of the company’s stock after purchasing an additional 473,625 shares during the period. J. Derek Lewis & Associates Inc.’s holdings in EVgo were worth $687,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EVGO. State Street Corp boosted its stake in shares of EVgo by 1.3% during the 2nd quarter. State Street Corp now owns 6,371,895 shares of the company’s stock worth $12,170,000 after purchasing an additional 80,946 shares during the period. Tidal Investments LLC raised its position in EVgo by 2,675.5% in the 2nd quarter. Tidal Investments LLC now owns 331,891 shares of the company’s stock worth $634,000 after purchasing an additional 319,933 shares during the period. Squarepoint Ops LLC purchased a new stake in EVgo in the 2nd quarter worth about $149,000. Kintra Wealth LLC bought a new stake in EVgo in the second quarter worth about $25,000. Finally, Royal Bank of Canada lifted its stake in EVgo by 94.4% in the first quarter. Royal Bank of Canada now owns 41,038 shares of the company’s stock worth $70,000 after purchasing an additional 19,929 shares during the last quarter. Institutional investors own 17.44% of the company’s stock.
EVgo Stock Performance
EVGO stock opened at $1.83 on Friday. The company has a debt-to-equity ratio of 5.39, a current ratio of 2.19 and a quick ratio of 2.19. The business has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.90. The company has a market capitalization of $575.57 million, a P/E ratio of -4.57 and a beta of 2.87. EVgo Inc. has a 1-year low of $0.98 and a 1-year high of $3.68.
EVgo (NASDAQ:EVGO – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. The business had revenue of $82.65 million during the quarter. During the same period in the previous year, the business posted ($0.10) earnings per share. EVgo’s revenue for the quarter was down 15.7% compared to the same quarter last year. As a group, equities research analysts forecast that EVgo Inc. will post -0.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on EVGO. Weiss Ratings upgraded EVgo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Morgan Stanley set a $2.50 target price on shares of EVgo in a research report on Thursday, August 6th. Stifel Nicolaus decreased their price target on shares of EVgo from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Royal Bank Of Canada lowered their price target on EVgo from $3.00 to $2.50 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, UBS Group cut EVgo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.79.
Check Out Our Latest Stock Report on EVGO
EVgo Company Profile
EVgo, Inc (NASDAQ: EVGO) operates a public electric vehicle charging network in the United States. The company develops, owns and operates fast-charging stations designed primarily for passenger vehicles, providing drivers with access to charging at shopping centers, grocery stores, retail locations, workplaces and other convenient destinations.
EVgo’s services include on-demand charging through its network and mobile app, as well as features such as payment processing, station availability information and vehicle-to-charger connectivity.
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