UBS Group AG Has $3.04 Million Position in EVgo Inc. $EVGO

UBS Group AG boosted its holdings in shares of EVgo Inc. (NASDAQ:EVGO) by 83.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,689 shares of the company’s stock after buying an additional 475,092 shares during the period. UBS Group AG owned about 0.34% of EVgo worth $3,037,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Banco BTG Pactual S.A. acquired a new stake in EVgo during the second quarter worth $41,000. SG Americas Securities LLC acquired a new stake in EVgo during the fourth quarter worth $47,000. Ameriprise Financial Inc. acquired a new stake in EVgo during the third quarter worth $49,000. Russell Investments Group Ltd. boosted its stake in EVgo by 1,095.5% during the third quarter. Russell Investments Group Ltd. now owns 11,154 shares of the company’s stock worth $53,000 after buying an additional 10,221 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of EVgo during the third quarter valued at $55,000. Institutional investors and hedge funds own 17.44% of the company’s stock.

EVgo Price Performance

Shares of NASDAQ EVGO opened at $1.88 on Tuesday. The stock has a market cap of $590.06 million, a PE ratio of -5.37 and a beta of 2.82. The business has a fifty day moving average of $1.96 and a two-hundred day moving average of $2.64. EVgo Inc. has a 52-week low of $1.64 and a 52-week high of $5.18. The company has a debt-to-equity ratio of 5.39, a quick ratio of 2.07 and a current ratio of 2.07.

EVgo (NASDAQ:EVGO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $109.53 million for the quarter. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 45.4% on a year-over-year basis. As a group, equities research analysts expect that EVgo Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on EVGO shares. Royal Bank Of Canada cut their price objective on EVgo from $4.50 to $3.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus cut their price objective on EVgo from $7.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Cantor Fitzgerald cut their price objective on EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Benchmark reissued a “buy” rating on shares of EVgo in a report on Monday, March 2nd. Finally, Wall Street Zen cut EVgo from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.28.

EVgo Profile

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.