Olga Shevorenkova Sells 19,363 Shares of EVgo, Inc. (NYSE:EVGO) Stock

EVgo, Inc. (NYSE:EVGOGet Free Report) CFO Olga Shevorenkova sold 19,363 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $3.00, for a total transaction of $58,089.00. Following the completion of the sale, the chief financial officer now owns 81,991 shares in the company, valued at $245,973. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Olga Shevorenkova also recently made the following trade(s):

  • On Thursday, February 1st, Olga Shevorenkova sold 29,772 shares of EVgo stock. The shares were sold at an average price of $2.26, for a total transaction of $67,284.72.

EVgo Stock Up 1.2 %

Shares of EVgo stock opened at $2.50 on Friday. EVgo, Inc. has a 52 week low of $1.88 and a 52 week high of $8.16. The firm has a market capitalization of $748.38 million, a P/E ratio of -5.32 and a beta of 2.50. The company has a 50 day moving average price of $2.59 and a 200 day moving average price of $2.97.

EVgo (NYSE:EVGOGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $44.39 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The business’s quarterly revenue was up 83.2% compared to the same quarter last year. As a group, research analysts anticipate that EVgo, Inc. will post -0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVgo

Institutional investors have recently bought and sold shares of the business. Almanack Investment Partners LLC. purchased a new position in EVgo during the 3rd quarter worth approximately $25,000. FMR LLC increased its holdings in shares of EVgo by 689.3% during the 1st quarter. FMR LLC now owns 3,457 shares of the company’s stock valued at $27,000 after purchasing an additional 3,019 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of EVgo during the 3rd quarter valued at approximately $27,000. Geneos Wealth Management Inc. purchased a new position in shares of EVgo during the 1st quarter valued at approximately $71,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of EVgo during the 3rd quarter valued at approximately $26,000. 15.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EVGO has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of EVgo from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $5.00 price target on shares of EVgo in a report on Thursday, March 7th. Citigroup lowered their price target on shares of EVgo from $5.25 to $3.50 and set a “neutral” rating on the stock in a report on Friday, December 8th. Finally, Royal Bank of Canada raised shares of EVgo from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $5.00 to $4.00 in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.19.

Check Out Our Latest Research Report on EVGO

EVgo Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for EVgo (NYSE:EVGO)

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.