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 quarterly earnings results on Wednesday. The company reported ($2.85) EPS for the quarter, missing analysts' consensus estimates of ($1.20) by ($1.65), RTT News reports. ChargePoint had a negative net margin of 66.76% and a negative return on equity of 142.52%. The firm had revenue of $98.59 million for the quarter, compared to the consensus estimate of $95.27 million. During the same period in the previous year, the company posted ($2.09) earnings per share. ChargePoint updated its Q3 2026 guidance to EPS.

ChargePoint Price Performance

Shares of NYSE:CHPT remained flat at $10.19 during trading on Friday. The stock had a trading volume of 485,921 shares, compared to its average volume of 504,915. The company has a market cap of $233.45 million, a PE ratio of -0.87 and a beta of 2.29. ChargePoint has a 1-year low of $8.55 and a 1-year high of $31.40. The stock has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $12.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.12 and a current ratio of 1.82.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada dropped their price target on ChargePoint from $20.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday. Roth Capital set a $11.00 price target on ChargePoint and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. dropped their price target on ChargePoint from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday. Benchmark dropped their price target on ChargePoint from $40.00 to $20.00 and set a "buy" rating for the company in a research note on Friday. Finally, Needham & Company LLC reissued a "hold" rating on shares of ChargePoint 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ChargePoint presently has a consensus rating of "Hold" and an average target price of $13.67.

Institutional Investors Weigh In On ChargePoint

Several institutional investors have recently modified their holdings of CHPT. AQR Capital Management LLC lifted 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 acquiring an additional 2,638,182 shares during the last quarter. Integrated Wealth Concepts LLC lifted 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 acquiring an additional 446,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 36,097 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ChargePoint by 61.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock worth $2,293,000 after acquiring an additional 1,448,114 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of ChargePoint during the 1st quarter worth approximately $27,000. 37.77% of the stock is owned by institutional investors.

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.