Virtu Financial LLC Makes New $99,000 Investment in EVgo, Inc. (NASDAQ:EVGO)

Virtu Financial LLC acquired a new stake in EVgo, Inc. (NASDAQ:EVGO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,394 shares of the company’s stock, valued at approximately $99,000.

Other large investors have also made changes to their positions in the company. Clear Harbor Asset Management LLC acquired a new position in EVgo in the 4th quarter valued at about $72,000. Raymond James Financial Inc. acquired a new position in shares of EVgo in the fourth quarter valued at approximately $80,000. Paloma Partners Management Co purchased a new position in shares of EVgo during the third quarter valued at approximately $99,000. Amundi acquired a new stake in EVgo during the fourth quarter worth approximately $113,000. Finally, Arizona State Retirement System purchased a new stake in EVgo in the 4th quarter worth approximately $120,000. Institutional investors and hedge funds own 17.44% of the company’s stock.

Insider Transactions at EVgo

In related news, President Dennis G. Kish sold 17,379 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $4.32, for a total value of $75,077.28. Following the transaction, the president now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 66.96% of the company’s stock.

EVgo Stock Down 2.8 %

EVgo stock opened at $2.82 on Monday. The firm has a market capitalization of $863.83 million, a P/E ratio of -6.71 and a beta of 2.37. The firm has a fifty day moving average of $2.91 and a 200-day moving average of $4.73. EVgo, Inc. has a 52-week low of $1.65 and a 52-week high of $9.07.

EVgo (NASDAQ:EVGO) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. The company had revenue of $67.51 million during the quarter, compared to analysts’ expectations of $69.49 million. On average, research analysts expect that EVgo, Inc. will post -0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on EVgo from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on EVgo from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research note on Wednesday, March 5th. UBS Group cut their price objective on shares of EVgo from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 target price on shares of EVgo in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $6.11.

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.