EVgo, Inc. (NYSE:EVGO – Get Free Report) insider Francine Sullivan sold 12,584 shares of EVgo stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $45,302.40. Following the sale, the insider now owns 117,327 shares of the company’s stock, valued at approximately $422,377.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
EVgo Price Performance
EVGO opened at $3.70 on Friday. EVgo, Inc. has a 1 year low of $1.65 and a 1 year high of $4.70. The stock’s 50 day simple moving average is $3.05 and its 200 day simple moving average is $2.53. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -9.74 and a beta of 2.58.
EVgo (NYSE:EVGO – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $66.62 million during the quarter, compared to analysts’ expectations of $59.40 million. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. As a group, sell-side analysts anticipate that EVgo, Inc. will post -0.38 EPS for the current year.
Institutional Trading of EVgo
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Benchmark upped their price objective on shares of EVgo from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Evercore ISI decreased their price objective on shares of EVgo from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Citigroup decreased their price objective on shares of EVgo from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC restated a “hold” rating on shares of EVgo in a research report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of EVgo from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, EVgo presently has a consensus rating of “Moderate Buy” and an average price target of $4.63.
Check Out Our Latest Report on EVgo
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.
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