Quadrature Capital Ltd Makes New $511,000 Investment in EVgo, Inc. (NYSE:EVGO)

Quadrature Capital Ltd purchased a new position in shares of EVgo, Inc. (NYSE:EVGO – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 64,657 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors also recently modified their holdings of the company. Ensign Peak Advisors Inc acquired a new stake in EVgo during the 3rd quarter worth about $27,000. Lazard Asset Management LLC bought a new stake in EVgo in the second quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EVgo in the third quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of EVgo during the 2nd quarter worth approximately $47,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of EVgo during the 2nd quarter worth approximately $61,000. 12.95% of the stock is owned by institutional investors.

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EVgo Price Performance

EVGO opened at $5.95 on Friday. EVgo, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $14.23. The firm has a market capitalization of $1.58 billion, a PE ratio of -11.44 and a beta of 1.94. The company’s 50-day moving average is $5.88 and its 200 day moving average is $6.74.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut shares of EVgo from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $6.00 in a research report on Thursday, January 26th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.19.

About EVgo

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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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