DRW Securities LLC Takes Position in EVgo, Inc. (NYSE:EVGO)

DRW Securities LLC bought a new position in EVgo, Inc. (NYSE:EVGO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,600 shares of the company’s stock, valued at approximately $114,000.

A number of other large investors have also added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC bought a new position in shares of EVgo during the 2nd quarter valued at $27,000. SG Americas Securities LLC bought a new position in EVgo in the first quarter valued at about $41,000. Point72 DIFC Ltd purchased a new position in EVgo in the second quarter worth about $45,000. International Assets Investment Management LLC bought a new stake in shares of EVgo during the 3rd quarter valued at about $51,000. Finally, Creative Planning increased its position in shares of EVgo by 32.7% during the 3rd quarter. Creative Planning now owns 13,365 shares of the company’s stock valued at $55,000 after purchasing an additional 3,297 shares during the last quarter. Institutional investors own 17.44% of the company’s stock.

Insider Transactions at EVgo

In related news, CEO Badar Khan sold 166,725 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.14, for a total value of $856,966.50. Following the completion of the transaction, the chief executive officer now directly owns 348,761 shares of the company’s stock, valued at approximately $1,792,631.54. This trade represents a 32.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 66.96% of the company’s stock.

EVgo Trading Down 0.3 %

Shares of EVGO opened at $6.47 on Thursday. The business’s 50 day moving average is $6.37 and its 200 day moving average is $4.28. EVgo, Inc. has a 12-month low of $1.65 and a 12-month high of $9.07. The company has a market capitalization of $1.96 billion, a PE ratio of -15.38 and a beta of 2.38.

EVgo (NYSE:EVGO) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $67.50 million for the quarter, compared to analysts’ expectations of $66.52 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. EVgo’s revenue was up 92.3% on a year-over-year basis. Equities research analysts predict that EVgo, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EVGO. Royal Bank of Canada boosted their target price on shares of EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a research note on Thursday, October 3rd. Marathon Capitl upgraded EVgo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Capital One Financial upgraded EVgo to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price objective on shares of EVgo in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $6.61.

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.