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

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

ChargePoint Stock Performance

NYSE CHPT traded down $0.20 during trading hours on Thursday, hitting $0.68. The company had a trading volume of 51,890,513 shares, compared to its average volume of 17,271,072. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 1.65. The firm has a market cap of $310.20 million, a P/E ratio of -0.91 and a beta of 2.25. ChargePoint has a fifty-two week low of $0.51 and a fifty-two week high of $2.44. The business has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.85.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHPT shares. The Goldman Sachs Group lowered their price objective on ChargePoint from $0.75 to $0.50 and set a "sell" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus lowered their price target on ChargePoint from $2.00 to $1.00 and set a "hold" rating for the company in a report on Monday, March 10th. Needham & Company LLC restated a "hold" rating on shares of ChargePoint in a research note on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $1.00 price objective on shares of ChargePoint in a report on Thursday. Finally, Evercore ISI cut shares of ChargePoint from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $4.00 to $1.00 in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1.39.

Hedge Funds Weigh In On ChargePoint

Several institutional investors have recently modified their holdings of CHPT. Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 1,448,114 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ChargePoint by 6,429.1% during the first quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock valued at $1,553,000 after buying an additional 2,638,182 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of ChargePoint by 2,885.1% during the first quarter. Integrated Wealth Concepts LLC now owns 461,771 shares of the company's stock valued at $279,000 after buying an additional 446,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ChargePoint by 14.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,924 shares of the company's stock worth $172,000 after buying an additional 36,097 shares during the period. Finally, Focus Partners Wealth bought a new position in ChargePoint in the 1st quarter worth approximately $27,000. Institutional investors own 37.77% of the company's stock.

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.