MetLife Investment Management LLC Has $202,000 Holdings in EVgo Inc. $EVGO

MetLife Investment Management LLC grew its position in EVgo Inc. (NASDAQ:EVGO) by 39.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,907 shares of the company’s stock after purchasing an additional 21,346 shares during the period. MetLife Investment Management LLC’s holdings in EVgo were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of EVgo by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,588 shares of the company’s stock valued at $351,000 after acquiring an additional 4,597 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of EVgo by 20.1% during the 1st quarter. Arizona State Retirement System now owns 35,481 shares of the company’s stock valued at $94,000 after acquiring an additional 5,945 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of EVgo by 49.3% during the 4th quarter. Cetera Investment Advisers now owns 20,888 shares of the company’s stock valued at $85,000 after acquiring an additional 6,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in EVgo by 14.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,456 shares of the company’s stock valued at $257,000 after buying an additional 8,144 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in EVgo by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,365 shares of the company’s stock valued at $115,000 after buying an additional 9,334 shares during the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.

EVgo Trading Down 1.0%

Shares of EVGO stock opened at $3.90 on Wednesday. The stock has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.37. EVgo Inc. has a 12 month low of $2.19 and a 12 month high of $9.07. The company has a market capitalization of $1.20 billion, a P/E ratio of -9.51 and a beta of 2.34.

EVgo (NASDAQ:EVGO) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. The firm had revenue of $98.03 million during the quarter, compared to the consensus estimate of $86.15 million. During the same quarter in the prior year, the business posted ($0.10) EPS. EVgo’s revenue was up 47.1% compared to the same quarter last year. EVgo has set its FY 2025 guidance at EPS. Sell-side analysts predict that EVgo Inc. will post -0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on EVGO shares. UBS Group raised their target price on EVgo from $5.00 to $5.40 and gave the company a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley raised their target price on EVgo from $4.00 to $4.50 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $6.24.

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.