Wolverine Asset Management LLC Acquires New Shares in EVgo, Inc. (NYSE:EVGO)

Wolverine Asset Management LLC acquired a new stake in EVgo, Inc. (NYSE:EVGOGet Rating) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,986 shares of the company’s stock, valued at approximately $119,000.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in EVgo by 49.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 40,689 shares of the company’s stock valued at $404,000 after buying an additional 13,401 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of EVgo during the fourth quarter valued at about $6,168,000. Victory Capital Management Inc. acquired a new stake in shares of EVgo during the third quarter valued at about $84,000. National Asset Management Inc. boosted its stake in shares of EVgo by 124.0% during the fourth quarter. National Asset Management Inc. now owns 47,590 shares of the company’s stock valued at $474,000 after purchasing an additional 26,340 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of EVgo during the third quarter valued at about $78,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on EVGO. Credit Suisse Group raised EVgo from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Thursday. Tudor Pickering began coverage on EVgo in a research note on Thursday, April 21st. They set a “buy” rating and a $16.00 price target on the stock. Capital One Financial lowered EVgo from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 3rd. Tudor, Pickering, Holt & Co. initiated coverage on EVgo in a research note on Thursday, April 21st. They set a “buy” rating and a $16.00 price target on the stock. Finally, Cantor Fitzgerald initiated coverage on EVgo in a research note on Thursday, April 28th. They issued an “overweight” rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.10.

Shares of EVGO stock opened at $8.78 on Friday. The stock has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $10.84. EVgo, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $19.59.

EVgo (NYSE:EVGOGet Rating) last issued its earnings results on Wednesday, March 23rd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $7.12 million during the quarter, compared to the consensus estimate of $5.90 million. On average, research analysts anticipate that EVgo, Inc. will post -0.74 earnings per share for the current year.

EVgo Company Profile (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network 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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Institutional Ownership by Quarter for EVgo (NYSE:EVGO)

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