Badar Khan Sells 166,725 Shares of EVgo, Inc. (NYSE:EVGO) Stock

EVgo, Inc. (NYSE:EVGO) CEO Badar Khan sold 166,725 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $5.14, for a total value of $856,966.50. Following the sale, the chief executive officer now directly owns 348,761 shares of the company’s stock, valued at $1,792,631.54. The trade was 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 the SEC website.

EVgo Stock Up 0.2 %

NYSE EVGO traded up $0.01 during mid-day trading on Friday, hitting $5.06. The stock had a trading volume of 6,415,023 shares, compared to its average volume of 4,571,949. EVgo, Inc. has a 52-week low of $1.65 and a 52-week high of $9.07. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -12.05 and a beta of 2.38. The company has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $4.04.

EVgo (NYSE:EVGO) last announced its earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $67.50 million during the quarter, compared to analysts’ expectations of $66.52 million. The business’s revenue was up 92.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. As a group, equities analysts anticipate that EVgo, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVgo

A number of large investors have recently bought and sold shares of the stock. Creative Planning grew its holdings in 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 buying an additional 3,297 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its holdings in EVgo by 31.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company’s stock valued at $60,000 after buying an additional 3,500 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of EVgo by 11.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,392 shares of the company’s stock worth $160,000 after purchasing an additional 6,633 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of EVgo by 47.0% during the second quarter. SG Americas Securities LLC now owns 24,049 shares of the company’s stock worth $59,000 after purchasing an additional 7,687 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of EVgo by 20.2% during the third quarter. Janus Henderson Group PLC now owns 52,416 shares of the company’s stock worth $217,000 after purchasing an additional 8,800 shares during the last quarter. 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 recent research reports. Marathon Capitl raised EVgo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. UBS Group raised EVgo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.00 to $8.50 in a research note on Thursday, October 10th. Stifel Nicolaus increased their target price on EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of EVgo in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $6.61.

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.