EVgo (NASDAQ:EVGO) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

EVgo (NASDAQ:EVGO) posted its quarterly earnings data on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04, Zacks reports. EVgo updated its FY 2025 guidance to EPS.

EVgo Trading Down 0.8 %

NASDAQ EVGO opened at $2.42 on Tuesday. EVgo has a 12 month low of $1.65 and a 12 month high of $9.07. The stock’s fifty day moving average price is $3.47 and its 200-day moving average price is $4.93. The stock has a market cap of $733.63 million, a P/E ratio of -5.76 and a beta of 2.32.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of EVgo in a research report on Thursday, January 16th. UBS Group reduced their price objective on EVgo from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of EVgo from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $6.11.

Insider Transactions at EVgo

In related news, President Dennis G. Kish sold 44,184 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.41, for a total transaction of $150,667.44. Following the completion of the sale, the president now owns 95,986 shares of the company’s stock, valued at $327,312.26. This trade represents a 31.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Nanus sold 23,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $5.00, for a total value of $115,000,000.00. Following the completion of the transaction, the director now directly owns 5,882,352 shares in the company, valued at $29,411,760. This trade represents a 79.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,061,563 shares of company stock valued at $115,225,745 in the last quarter. 66.96% of the stock is owned by insiders.

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.