B. Riley Forecasts ChargePoint’s FY2026 Earnings (NYSE:CHPT)

ChargePoint Holdings, Inc. (NYSE:CHPT) – Equities researchers at B. Riley issued their FY2026 earnings estimates for shares of ChargePoint in a research note issued to investors on Tuesday, March 4th. B. Riley analyst R. Pfingst anticipates that the company will post earnings per share of ($0.42) for the year. The consensus estimate for ChargePoint’s current full-year earnings is ($0.57) per share.

A number of other analysts have also recently commented on CHPT. UBS Group lowered their target price on shares of ChargePoint from $1.50 to $1.30 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group lowered their target price on shares of ChargePoint from $1.00 to $0.75 and set a “sell” rating for the company in a research note on Thursday, February 20th. Benchmark reiterated a “buy” rating and issued a $3.00 target price on shares of ChargePoint in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their target price on shares of ChargePoint from $2.50 to $2.00 and set a “sector perform” rating for the company in a research note on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ChargePoint in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.13.

ChargePoint Stock Down 3.0 %

NYSE:CHPT opened at $0.70 on Friday. The company’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $1.20. The stock has a market capitalization of $310.52 million, a P/E ratio of -0.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.24 and a current ratio of 1.94. ChargePoint has a fifty-two week low of $0.56 and a fifty-two week high of $2.44.

ChargePoint (NYSE:CHPT) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.28%. The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $100.99 million.

Hedge Funds Weigh In On ChargePoint

Institutional investors have recently made changes to their positions in the company. Perennial Advisors LLC purchased a new position in shares of ChargePoint during the 4th quarter valued at approximately $26,000. Brevan Howard Capital Management LP purchased a new position in shares of ChargePoint during the 4th quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in ChargePoint by 131.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,628 shares of the company’s stock worth $50,000 after acquiring an additional 20,773 shares in the last quarter. Cibc World Markets Corp purchased a new stake in ChargePoint in the 4th quarter worth $40,000. Finally, Callan Family Office LLC purchased a new stake in ChargePoint in the 4th quarter worth $45,000. 37.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Henrik Gerdes sold 28,536 shares of ChargePoint stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total transaction of $32,531.04. Following the completion of the transaction, the chief accounting officer now directly owns 362,060 shares of the company’s stock, valued at $412,748.40. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mansi Khetani sold 22,038 shares of ChargePoint stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total transaction of $25,123.32. Following the transaction, the chief financial officer now directly owns 1,230,305 shares of the company’s stock, valued at approximately $1,402,547.70. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,148 shares of company stock valued at $99,349. 3.50% of the stock is owned by insiders.

ChargePoint Company Profile

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.