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

Key Points

• ChargePoint Holdings, Inc. has received a consensus recommendation of "Hold" from eleven brokerages, with two sell ratings, seven hold ratings, one buy, and one strong buy recommendation.
• The company reported a Q1 earnings per share (EPS) of ($2.00), significantly missing the consensus estimate of ($1.00), and had a negative net margin of 65.79%.
• ChargePoint's average 12-month price target from analysts is $27.8750, with shares currently trading around $11.7970.

Shares of ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.8750.

Several analysts have recently commented on CHPT shares. TD Cowen raised shares of ChargePoint to a "hold" rating in a research note on Monday, July 7th. Needham & Company LLC reissued a "hold" rating on shares of ChargePoint in a research note on Thursday, June 5th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $20.00 price objective on shares of ChargePoint in a report on Thursday, June 5th.

ChargePoint Price Performance

CHPT opened at $11.7970 on Monday. ChargePoint has a one year low of $8.55 and a one year high of $40.00. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.82 and a quick ratio of 1.12. The company's 50 day simple moving average is $12.42 and its 200-day simple moving average is $13.14. The stock has a market capitalization of $270.27 million, a P/E ratio of -0.98 and a beta of 2.23.

ChargePoint (NYSE:CHPT - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported ($2.00) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.00). ChargePoint had a negative net margin of 65.79% and a negative return on equity of 131.65%. The company had revenue of $97.64 million for the quarter, compared to the consensus estimate of $100.43 million. During the same period last year, the company earned ($2.20) earnings per share. ChargePoint has set its Q2 2026 guidance at EPS. Sell-side analysts anticipate that ChargePoint will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ChargePoint

Several large investors have recently bought and sold shares of the business. Toronto Dominion Bank acquired a new position in ChargePoint in the fourth quarter valued at approximately $8,746,000. Invesco Ltd. lifted its holdings in ChargePoint by 13.1% in the fourth 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 during the period. Goldman Sachs Group Inc. lifted its holdings in ChargePoint by 61.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock valued at $2,293,000 after buying an additional 1,448,114 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ChargePoint by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,423,298 shares of the company's stock valued at $2,071,000 after buying an additional 86,753 shares during the period. Finally, Millennium Management LLC lifted its holdings in 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 buying an additional 2,836,500 shares during the period. 37.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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