EVgo, Inc. (NYSE:EVGO) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of EVgo, Inc. (NYSE:EVGO) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,945 shares of the company’s stock after purchasing an additional 10,532 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EVgo were worth $509,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of EVgo by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company’s stock worth $24,344,000 after buying an additional 37,168 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in EVgo by 11.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,392 shares of the company’s stock valued at $160,000 after acquiring an additional 6,633 shares in the last quarter. Tidal Investments LLC raised its position in EVgo by 32.2% during the first quarter. Tidal Investments LLC now owns 317,945 shares of the company’s stock worth $798,000 after acquiring an additional 77,354 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of EVgo by 47.0% in the second quarter. SG Americas Securities LLC now owns 24,049 shares of the company’s stock valued at $59,000 after purchasing an additional 7,687 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of EVgo by 2.8% in the second quarter. Atria Wealth Solutions Inc. now owns 330,871 shares of the company’s stock valued at $811,000 after purchasing an additional 8,940 shares during the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.

Insider Buying and Selling at EVgo

In other news, CEO Badar Khan sold 166,725 shares of EVgo stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $5.14, for a total transaction of $856,966.50. Following the sale, the chief executive officer now owns 348,761 shares in the company, valued at $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 is available at this hyperlink. 66.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EVGO has been the subject of several research reports. Capital One Financial upgraded EVgo to a “strong-buy” rating in a research report on Monday, September 16th. TD Cowen upgraded EVgo from a “hold” rating to a “buy” rating and upped their price objective for the company from $5.00 to $7.00 in a research report on Thursday, October 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVgo in a research report on Monday, September 30th. JPMorgan Chase & Co. upgraded shares of EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a report on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a report on Wednesday, November 13th. Two 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $6.61.

EVgo Price Performance

Shares of NYSE:EVGO opened at $6.51 on Tuesday. The business has a 50-day moving average of $6.50 and a two-hundred day moving average of $4.37. The firm has a market capitalization of $1.97 billion, a PE ratio of -15.36 and a beta of 2.38. EVgo, Inc. has a 12 month low of $1.65 and a 12 month high of $9.07.

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