ChargePoint (NYSE:CHPT) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

ChargePoint (NYSE:CHPT - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05), Zacks reports. The company had revenue of $97.64 million for the quarter, compared to the consensus estimate of $100.43 million. ChargePoint had a negative return on equity of 106.28% and a negative net margin of 72.62%. During the same period last year, the company earned ($0.11) EPS. ChargePoint updated its Q2 2026 guidance to EPS.

ChargePoint Stock Up 9.9%

NYSE:CHPT traded up $0.07 on Friday, hitting $0.74. The stock had a trading volume of 29,688,340 shares, compared to its average volume of 17,349,118. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.24 and a current ratio of 1.94. The stock has a market cap of $340.76 million, a P/E ratio of -1.00 and a beta of 2.25. ChargePoint has a 1 year low of $0.51 and a 1 year high of $2.44. The firm's fifty day simple moving average is $0.65 and its two-hundred day simple moving average is $0.84.

Institutional Investors Weigh In On ChargePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in ChargePoint by 61.8% in the 1st 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 last quarter. AQR Capital Management LLC increased its stake in shares of ChargePoint by 6,429.1% during the 1st quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock worth $1,553,000 after purchasing an additional 2,638,182 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of ChargePoint by 2,885.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 461,771 shares of the company's stock worth $279,000 after purchasing an additional 446,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ChargePoint by 14.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,924 shares of the company's stock worth $172,000 after purchasing an additional 36,097 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of ChargePoint during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 37.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHPT. Needham & Company LLC reaffirmed a "hold" rating on shares of ChargePoint in a research report on Thursday. The Goldman Sachs Group dropped their price target on shares of ChargePoint from $0.75 to $0.50 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus dropped their price target on shares of ChargePoint from $2.00 to $1.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. UBS Group dropped their price target on shares of ChargePoint from $0.70 to $0.65 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Evercore ISI cut shares of ChargePoint from an "outperform" rating to an "in-line" rating and dropped their price target for the company from $4.00 to $1.00 in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1.39.

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.