Shares of ChargePoint Holdings, Inc. (NYSE:CHPT – Get Free Report) have been assigned an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.46.
Several analysts have commented on CHPT shares. The Goldman Sachs Group reduced their price objective on ChargePoint from $1.50 to $1.25 and set a “sell” rating for the company in a research note on Friday, September 6th. Royal Bank of Canada cut their price target on ChargePoint from $2.50 to $2.00 and set a “sector perform” rating for the company in a research note on Thursday, December 5th. UBS Group lowered their price objective on shares of ChargePoint from $1.50 to $1.30 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a research report on Thursday, December 5th. Finally, Wolfe Research started coverage on shares of ChargePoint in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock.
Check Out Our Latest Stock Analysis on ChargePoint
Insider Buying and Selling
Hedge Funds Weigh In On ChargePoint
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of ChargePoint by 19.2% in the 2nd quarter. SG Americas Securities LLC now owns 130,247 shares of the company’s stock worth $197,000 after purchasing an additional 21,007 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ChargePoint by 60.1% in the second quarter. Bank of New York Mellon Corp now owns 1,298,289 shares of the company’s stock valued at $1,960,000 after buying an additional 487,262 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of ChargePoint by 17.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 598,106 shares of the company’s stock valued at $903,000 after buying an additional 89,817 shares during the period. Principal Financial Group Inc. lifted its position in ChargePoint by 32.9% during the 2nd quarter. Principal Financial Group Inc. now owns 46,042 shares of the company’s stock worth $70,000 after acquiring an additional 11,389 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in ChargePoint by 39.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 370,562 shares of the company’s stock worth $560,000 after acquiring an additional 105,155 shares during the period. Institutional investors and hedge funds own 37.77% of the company’s stock.
ChargePoint Price Performance
Shares of NYSE:CHPT opened at $1.24 on Wednesday. ChargePoint has a one year low of $1.05 and a one year high of $2.68. The stock has a market capitalization of $548.50 million, a price-to-earnings ratio of -1.68 and a beta of 1.69. The company has a 50-day simple moving average of $1.23 and a 200-day simple moving average of $1.52. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.32 and a current ratio of 1.94.
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.
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