What is B. Riley's Estimate for ChargePoint FY2026 Earnings?

ChargePoint Holdings, Inc. (NYSE:CHPT - Free Report) - Equities research analysts at B. Riley issued their FY2026 earnings per share estimates for shares of ChargePoint in a report issued on Tuesday, March 4th. B. Riley analyst R. Pfingst expects that the company will post earnings of ($0.42) per share for the year. The consensus estimate for ChargePoint's current full-year earnings is ($0.57) per share.

ChargePoint (NYSE:CHPT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). ChargePoint had a negative return on equity of 106.28% and a negative net margin of 72.62%. The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $100.99 million.

Several other equities analysts have also commented on CHPT. UBS Group set a $1.50 price target on ChargePoint in a research note on Wednesday, March 5th. The Goldman Sachs Group dropped their price objective on shares of ChargePoint from $1.00 to $0.75 and set a "sell" rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reduced their price target on ChargePoint from $2.50 to $2.00 and set a "sector perform" rating for the company in a research report on Thursday, December 5th. Needham & Company LLC reissued a "hold" rating on shares of ChargePoint in a research report on Wednesday, March 5th. Finally, Benchmark reiterated a "buy" rating and set a $3.00 price objective on shares of ChargePoint in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.03.

ChargePoint Trading Down 1.4 %

NYSE:CHPT traded down $0.01 during midday trading on Friday, hitting $0.68. The stock had a trading volume of 14,100,437 shares, compared to its average volume of 16,503,402. The stock has a 50-day moving average of $0.90 and a 200 day moving average of $1.17. The company has a market capitalization of $300.79 million, a price-to-earnings ratio of -0.92 and a beta of 1.85. ChargePoint has a one year low of $0.56 and a one year high of $2.44. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 1.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new position in ChargePoint during the fourth quarter worth about $8,746,000. Millennium Management LLC grew its position in shares of ChargePoint by 13,605.0% in the fourth quarter. Millennium Management LLC now owns 2,857,349 shares of the company's stock valued at $3,057,000 after purchasing an additional 2,836,500 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of ChargePoint in the third quarter valued at approximately $2,570,000. Invesco Ltd. grew its holdings in ChargePoint by 13.1% in the 4th quarter. Invesco Ltd. now owns 5,029,849 shares of the company's stock valued at $5,382,000 after buying an additional 583,761 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of ChargePoint by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,072,168 shares of the company's stock worth $12,432,000 after acquiring an additional 399,070 shares during the last quarter. Hedge funds and other institutional investors own 37.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Jagdeep Ca Singh sold 36,574 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $1.14, for a total transaction of $41,694.36. Following the sale, the insider now directly owns 1,161,430 shares in the company, valued at $1,324,030.20. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mansi Khetani sold 22,038 shares of ChargePoint stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $25,123.32. Following the completion of the transaction, the chief financial officer now owns 1,230,305 shares of the company's stock, valued at approximately $1,402,547.70. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,148 shares of company stock worth $99,349. Corporate insiders own 3.50% of the company's stock.

ChargePoint Company Profile

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.