Brokerages Set ChargePoint Holdings, Inc. (NYSE:CHPT) PT at $1.52

ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) has earned an average recommendation of "Hold" from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $1.52.

A number of research analysts have commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of ChargePoint in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on ChargePoint from $0.75 to $0.50 and set a "sell" rating for the company in a report on Thursday, April 10th. UBS Group cut their price target on ChargePoint from $0.70 to $0.65 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Evercore ISI cut ChargePoint from an "outperform" rating to an "in-line" rating and decreased their price objective for the stock from $4.00 to $1.00 in a research note on Monday, March 31st. Finally, Stifel Nicolaus dropped their price objective on ChargePoint from $2.00 to $1.00 and set a "hold" rating on the stock in a research report on Monday, March 10th.

Institutional Trading of ChargePoint

Institutional investors have recently bought and sold shares of the stock. Bouvel Investment Partners LLC acquired a new stake in shares of ChargePoint during the first quarter worth $191,000. Wealth Enhancement Advisory Services LLC purchased a new position in ChargePoint in the 1st quarter worth $109,000. Pallas Capital Advisors LLC acquired a new stake in ChargePoint during the 1st quarter worth about $72,000. 111 Capital purchased a new stake in ChargePoint during the 4th quarter valued at about $26,000. Finally, Perennial Advisors LLC acquired a new position in shares of ChargePoint in the fourth quarter valued at about $26,000. 37.77% of the stock is currently owned by institutional investors and hedge funds.

ChargePoint Trading Up 1.6 %

CHPT stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.67. The company had a trading volume of 6,254,652 shares, compared to its average volume of 17,179,094. The company has a market capitalization of $306.44 million, a PE ratio of -0.90 and a beta of 2.05. The firm has a 50 day moving average of $0.64 and a 200 day moving average of $0.96. ChargePoint has a 12 month low of $0.51 and a 12 month high of $2.44. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.94 and a quick ratio of 1.24.

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). The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $100.99 million. ChargePoint had a negative return on equity of 106.28% and a negative net margin of 72.62%. On average, equities analysts predict 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.