Mariner LLC Makes New $48,000 Investment in EVgo, Inc. (NASDAQ:EVGO)

Mariner LLC bought a new stake in EVgo, Inc. (NASDAQ:EVGO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,835 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors also recently modified their holdings of the company. SCP Investment LP acquired a new stake in EVgo during the 4th quarter valued at $60,000. Clear Harbor Asset Management LLC acquired a new stake in shares of EVgo in the fourth quarter valued at $72,000. Polymer Capital Management US LLC bought a new position in shares of EVgo in the fourth quarter valued at about $73,000. Raymond James Financial Inc. acquired a new position in EVgo during the 4th quarter worth about $80,000. Finally, Virtu Financial LLC acquired a new position in EVgo during the 4th quarter worth about $99,000. Institutional investors own 17.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EVGO. UBS Group lowered their price objective on shares of EVgo from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Roth Capital reissued a “buy” rating on shares of EVgo in a report on Wednesday. Stifel Nicolaus reduced 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. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of EVgo in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $6.25.

EVgo Stock Down 4.4 %

EVGO stock opened at $3.66 on Friday. EVgo, Inc. has a twelve month low of $1.80 and a twelve month high of $9.07. The company has a market cap of $1.12 billion, a P/E ratio of -8.71 and a beta of 2.27. The business’s fifty day moving average is $2.71 and its 200-day moving average is $4.08.

EVgo (NASDAQ:EVGO) last released its earnings results on Tuesday, May 6th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $75.29 million during the quarter, compared to analyst estimates of $70.11 million. During the same period in the previous year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Research analysts anticipate that EVgo, Inc. will post -0.45 earnings per share for the current fiscal year.

EVgo 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.