ChargePoint Holdings, Inc. (NYSE:CHPT) Given Consensus Recommendation of "Hold" by Brokerages

ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) has received an average rating of "Hold" from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1.39.

CHPT has been the topic of several recent research reports. Needham & Company LLC reiterated a "hold" rating on shares of ChargePoint in a research report on Thursday, June 5th. TD Cowen upgraded shares of ChargePoint to a "hold" rating in a report on Monday. Royal Bank Of Canada restated a "sector perform" rating and issued a $1.00 target price on shares of ChargePoint in a report on Thursday, June 5th. Evercore ISI lowered shares of ChargePoint from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $4.00 to $1.00 in a report on Monday, March 31st. Finally, UBS Group reduced their target price on shares of ChargePoint from $0.70 to $0.65 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CHPT. Perennial Advisors LLC acquired a new position in shares of ChargePoint during the 4th quarter valued at about $26,000. 111 Capital acquired a new position in shares of ChargePoint during the 4th quarter valued at about $26,000. Brevan Howard Capital Management LP acquired a new position in shares of ChargePoint during the 4th quarter valued at about $27,000. Focus Partners Wealth acquired a new position in shares of ChargePoint during the 1st quarter valued at about $27,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of ChargePoint during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 37.77% of the company's stock.

ChargePoint Price Performance

Shares of ChargePoint stock traded up $0.01 on Friday, hitting $0.71. The company's stock had a trading volume of 15,202,511 shares, compared to its average volume of 17,501,934. ChargePoint has a 52-week low of $0.51 and a 52-week high of $2.44. The company has a quick ratio of 1.12, a current ratio of 1.82 and a debt-to-equity ratio of 2.60. The firm has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.77. The company has a market capitalization of $324.91 million, a P/E ratio of -1.18 and a beta of 2.23.

ChargePoint (NYSE:CHPT - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). ChargePoint had a negative return on equity of 131.65% and a negative net margin of 65.79%. The business had revenue of $97.64 million during the quarter, compared to analysts' expectations of $100.43 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. On average, equities research analysts expect that ChargePoint will post -0.57 earnings per share for the current fiscal year.

About ChargePoint

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.