93,000 Shares in EVgo, Inc. (NASDAQ:EVGO) Purchased by Crescent Park Management L.P.

Crescent Park Management L.P. purchased a new stake in EVgo, Inc. (NASDAQ:EVGO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 93,000 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of EVgo by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company’s stock valued at $49,414,000 after buying an additional 2,043,449 shares during the last quarter. State Street Corp lifted its stake in EVgo by 25.3% in the third quarter. State Street Corp now owns 4,192,828 shares of the company’s stock valued at $17,358,000 after acquiring an additional 847,777 shares during the last quarter. Geode Capital Management LLC grew its position in shares of EVgo by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,432,183 shares of the company’s stock valued at $9,853,000 after acquiring an additional 12,320 shares during the period. JPMorgan Chase & Co. grew its position in shares of EVgo by 93.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company’s stock valued at $4,915,000 after acquiring an additional 586,108 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of EVgo during the 4th quarter worth about $2,556,000. Institutional investors and hedge funds own 17.44% of the company’s stock.

Wall Street Analyst Weigh In

EVGO has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on EVgo from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Wednesday, March 5th. UBS Group decreased their target price on EVgo from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Evercore ISI cut their price target on EVgo from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of EVgo from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.78.

Insider Buying and Selling

In other news, President Dennis G. Kish sold 44,184 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.41, for a total transaction of $150,667.44. Following the completion of the sale, the president now directly owns 95,986 shares in the company, valued at approximately $327,312.26. This represents a 31.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 66.96% of the stock is currently owned by company insiders.

EVgo Stock Performance

EVGO stock opened at $2.71 on Wednesday. EVgo, Inc. has a 52 week low of $1.65 and a 52 week high of $9.07. The company’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $4.70. The company has a market capitalization of $830.14 million, a PE ratio of -6.45 and a beta of 2.37.

EVgo (NASDAQ:EVGO) last announced its earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The business had revenue of $67.51 million for the quarter, compared to analyst estimates of $69.49 million. On average, analysts forecast that EVgo, Inc. will post -0.45 EPS for the current year.

EVgo 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.