ChargePoint (NYSE:CHPT) Earns “Sector Perform” Rating from Royal Bank Of Canada

ChargePoint (NYSE:CHPT)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $6.50 target price on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 13.85% from the company’s previous close.

A number of other equities analysts have also weighed in on CHPT. Weiss Ratings restated a “sell (e+)” rating on shares of ChargePoint in a research note on Monday, April 20th. B. Riley Financial decreased their price objective on shares of ChargePoint from $11.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of ChargePoint in a research note on Thursday. UBS Group cut their price target on shares of ChargePoint from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Wall Street Zen raised shares of ChargePoint from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $8.63.

ChargePoint Price Performance

Shares of NYSE:CHPT opened at $7.55 on Thursday. The company has a 50 day moving average of $6.24 and a 200 day moving average of $6.65. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 10.73. The stock has a market cap of $178.44 million, a P/E ratio of -0.82 and a beta of 1.74. ChargePoint has a 12 month low of $4.44 and a 12 month high of $17.40.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($1.11) by ($0.64). The firm had revenue of $101.82 million during the quarter, compared to the consensus estimate of $95.64 million. ChargePoint had a negative net margin of 53.55% and a negative return on equity of 276.06%. As a group, sell-side analysts forecast that ChargePoint will post -6.59 EPS for the current fiscal year.

Insider Transactions at ChargePoint

In other ChargePoint news, CEO Richard Wilmer purchased 46,847 shares of ChargePoint stock in a transaction on Monday, April 13th. The shares were acquired at an average cost of $5.34 per share, for a total transaction of $250,162.98. Following the completion of the transaction, the chief executive officer directly owned 511,224 shares of the company’s stock, valued at approximately $2,729,936.16. The trade was a 10.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 8,685 shares of company stock valued at $46,031 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ChargePoint

A number of institutional investors have recently made changes to their positions in CHPT. Northwestern Mutual Wealth Management Co. raised its position in ChargePoint by 12,808.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 237,906 shares of the company’s stock worth $1,580,000 after purchasing an additional 236,063 shares during the period. Bridgeway Capital Management LLC purchased a new stake in ChargePoint during the fourth quarter valued at about $166,000. Hsbc Holdings PLC bought a new position in shares of ChargePoint during the fourth quarter valued at about $73,000. Hudson Bay Capital Management LP bought a new position in shares of ChargePoint during the second quarter valued at about $72,000. Finally, EFG International AG purchased a new position in shares of ChargePoint in the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 37.77% of the company’s stock.

ChargePoint News Roundup

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: ChargePoint beat revenue expectations, reporting $101.82 million versus the $95.64 million consensus, and several coverage pieces highlighted improving operating metrics and strategic product momentum. ChargePoint Holdings, Inc. (CHPT) Reports Q1 Loss, Tops Revenue Estimates
• Positive Sentiment: The company guided Q2 FY2027 revenue to $100 million-$110 million, with the midpoint slightly above Wall Street estimates, which suggests some near-term top-line support as Express Solo ramps. ChargePoint expects $100M-$110M Q2 FY2027 revenue as Express Solo ramps
• Neutral Sentiment: Needham & Company reaffirmed its Hold rating on CHPT, indicating the latest results were not enough to trigger a more bullish stance from at least one analyst. ChargePoint had its “hold” rating reaffirmed by Needham & Company LLC.
• Negative Sentiment: Despite the revenue beat, ChargePoint posted a wider-than-expected GAAP loss of $1.75 per share versus the $1.11 estimate, keeping pressure on sentiment around profitability and cash burn. ChargePoint Holdings, Inc. (CHPT) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: Commentary from Seeking Alpha described ChargePoint as still in “rough shape,” citing ongoing investor skepticism, increased cash burn, and a weakened balance sheet despite some margin improvement. ChargePoint Remains In Rough Shape

About ChargePoint

ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company’s portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint’s integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.

Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.