EVgo, Inc. (NYSE:EVGO – Free Report) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for EVgo in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will post earnings of ($0.53) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $5.00 price target on the stock. The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share.
Several other equities analysts have also issued reports on EVGO. Marathon Capitl upgraded EVgo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Thursday, January 16th. Royal Bank of Canada increased their target price on shares of EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of EVgo from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Finally, Stifel Nicolaus upped their price target on shares of EVgo from $6.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, October 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.com, the company currently has a consensus rating of “Buy” and an average price target of $6.61.
EVgo Price Performance
Shares of EVGO opened at $3.17 on Wednesday. The firm has a 50 day simple moving average of $5.00 and a two-hundred day simple moving average of $5.01. EVgo has a one year low of $1.65 and a one year high of $9.07. The company has a market cap of $960.99 million, a P/E ratio of -7.55 and a beta of 2.35.
EVgo (NYSE:EVGO – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) 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 the consensus estimate of $66.52 million. The company’s quarterly revenue was up 92.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in shares of EVgo in the second quarter worth about $45,000. International Assets Investment Management LLC bought a new position in EVgo during the 3rd quarter worth approximately $51,000. Creative Planning increased its stake in EVgo by 32.7% in the 3rd quarter. Creative Planning now owns 13,365 shares of the company’s stock worth $55,000 after purchasing an additional 3,297 shares during the period. Legacy Capital Wealth Partners LLC lifted its position in EVgo by 31.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company’s stock valued at $60,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in EVgo in the fourth quarter valued at approximately $72,000. 17.44% of the stock is currently owned by institutional investors.
Insider Activity at EVgo
In other EVgo news, CEO Badar Khan sold 166,725 shares of EVgo stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.14, for a total transaction of $856,966.50. Following the completion of the transaction, the chief executive officer now owns 348,761 shares of the company’s stock, valued at $1,792,631.54. The trade was a 32.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Dennis G. Kish sold 17,379 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $4.32, for a total transaction of $75,077.28. Following the completion of the sale, the president now directly owns 13,655 shares in the company, valued at approximately $58,989.60. The trade was a 56.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,184,104 shares of company stock valued at $115,932,044. 66.96% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than EVgo
- What Are Dividend Champions? How to Invest in the Champions
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- Trading Stocks: RSI and Why it’s Useful
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- Stock Splits, Do They Really Impact Investors?
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for EVgo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVgo and related companies with MarketBeat.com's FREE daily email newsletter.