Creative Planning Has $55,000 Stock Position in EVgo, Inc. (NYSE:EVGO)

Creative Planning lifted its position in EVgo, Inc. (NYSE:EVGO) by 32.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,365 shares of the company’s stock after purchasing an additional 3,297 shares during the period. Creative Planning’s holdings in EVgo were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EVGO. Vanguard Group Inc. increased its holdings in EVgo by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company’s stock valued at $24,344,000 after buying an additional 37,168 shares during the period. Marshall Wace LLP lifted its position in EVgo by 66.4% during the 2nd quarter. Marshall Wace LLP now owns 1,633,304 shares of the company’s stock valued at $4,002,000 after purchasing an additional 651,475 shares during the period. SIR Capital Management L.P. increased its stake in shares of EVgo by 76.9% in the 2nd quarter. SIR Capital Management L.P. now owns 958,600 shares of the company’s stock valued at $2,349,000 after acquiring an additional 416,800 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of EVgo in the 2nd quarter valued at about $1,749,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of EVgo by 42.6% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 510,510 shares of the company’s stock valued at $1,251,000 after acquiring an additional 152,436 shares during the last quarter. 17.44% of the stock is currently owned by institutional investors and hedge funds.

EVgo Trading Up 6.3 %

Shares of EVGO stock opened at $5.20 on Thursday. The business’s 50-day moving average price is $6.08 and its 200-day moving average price is $4.01. EVgo, Inc. has a 12 month low of $1.65 and a 12 month high of $9.07. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -12.38 and a beta of 2.38.

EVgo (NYSE:EVGO) last announced its quarterly 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 firm had revenue of $67.50 million during the quarter, compared to analysts’ expectations of $66.52 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The company’s quarterly revenue was up 92.3% on a year-over-year basis. On average, sell-side analysts predict that EVgo, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on EVGO shares. Marathon Capitl raised EVgo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Wednesday. Capital One Financial raised EVgo to a “strong-buy” rating in a report on Monday, September 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 target price on shares of EVgo in a report on Monday, September 30th. Finally, Royal Bank of Canada raised their price target on EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $6.61.

About EVgo

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.