ChargePoint (NYSE:CHPT) Releases Earnings Results, Misses Expectations By $1.65 EPS

Key Points

• ChargePoint reported a significant loss of ($2.21) earnings per share, missing analysts' expectations by ($1.01) for the quarter.
• Shares of ChargePoint saw a slight increase of 1.8%, reaching $10.91, while the stock has a consensus target price of $26.00.
• Recent hedge fund activity includes notable increases in positions by Bank of America and Two Sigma Securities, reflecting growing institutional interest in ChargePoint.

ChargePoint (NYSE:CHPT - Get Free Report) announced its earnings results on Wednesday. The company reported ($2.85) earnings per share for the quarter, missing the consensus estimate of ($1.20) by ($1.65), RTT News reports. The firm had revenue of $98.59 million during the quarter, compared to analysts' expectations of $95.27 million. ChargePoint had a negative net margin of 66.76% and a negative return on equity of 142.52%. During the same quarter last year, the company posted ($2.09) earnings per share. ChargePoint updated its Q3 2026 guidance to EPS.

ChargePoint Stock Performance

Shares of ChargePoint stock traded up $0.58 during trading hours on Monday, reaching $10.80. The company's stock had a trading volume of 534,403 shares, compared to its average volume of 504,915. The company's 50 day simple moving average is $11.75 and its 200 day simple moving average is $12.79. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.12 and a current ratio of 1.82. ChargePoint has a one year low of $8.55 and a one year high of $31.40. The stock has a market cap of $247.43 million, a P/E ratio of -0.93 and a beta of 2.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Focus Partners Wealth bought a new position in shares of ChargePoint in the 1st quarter worth about $27,000. Corient Private Wealth LLC lifted its position in shares of ChargePoint by 57.1% in the 2nd quarter. Corient Private Wealth LLC now owns 67,345 shares of the company's stock worth $47,000 after buying an additional 24,470 shares during the last quarter. Jump Financial LLC bought a new position in shares of ChargePoint in the 2nd quarter worth about $66,000. Hudson Bay Capital Management LP acquired a new stake in shares of ChargePoint in the 2nd quarter worth about $72,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ChargePoint by 201.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 247,903 shares of the company's stock worth $174,000 after acquiring an additional 165,566 shares during the period. 37.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Benchmark decreased their target price on shares of ChargePoint from $40.00 to $20.00 and set a "buy" rating for the company in a research note on Friday. Needham & Company LLC reiterated a "hold" rating on shares of ChargePoint in a research note on Thursday. Royal Bank Of Canada reduced their price objective on shares of ChargePoint from $20.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Thursday. Roth Capital set a $11.00 price objective on shares of ChargePoint and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ChargePoint from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.67.

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.