Analysts Set Blink Charging Co. (NASDAQ:BLNK) PT at $5.79

Blink Charging Co. (NASDAQ:BLNK) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.79.

A number of research firms have weighed in on BLNK. HC Wainwright decreased their target price on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC dropped their target price on Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group cut their price target on Blink Charging from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Benchmark assumed coverage on Blink Charging in a research note on Wednesday, July 31st. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a report on Monday, August 12th.

Insider Activity at Blink Charging

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total transaction of $43,338.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Kristina A. Peterson sold 24,077 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jack Levine bought 20,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $1.70 per share, with a total value of $34,000.00. Following the purchase, the director now directly owns 175,718 shares of the company’s stock, valued at $298,720.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blink Charging

Several large investors have recently added to or reduced their stakes in BLNK. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Blink Charging during the 1st quarter worth approximately $48,000. BNP Paribas Financial Markets increased its stake in Blink Charging by 36.3% in the first quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock valued at $119,000 after purchasing an additional 10,554 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Blink Charging by 48.9% during the first quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock valued at $79,000 after purchasing an additional 8,668 shares during the period. Headlands Technologies LLC boosted its position in shares of Blink Charging by 731.7% during the 1st quarter. Headlands Technologies LLC now owns 18,887 shares of the company’s stock worth $57,000 after purchasing an additional 16,616 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Blink Charging by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock valued at $9,809,000 after buying an additional 365,098 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Stock Performance

Blink Charging stock opened at $2.01 on Tuesday. Blink Charging has a 52 week low of $1.53 and a 52 week high of $4.66. The stock has a market capitalization of $203.31 million, a P/E ratio of -0.84 and a beta of 2.65. The stock has a fifty day moving average of $1.88 and a 200-day moving average of $2.51.

Blink Charging (NASDAQ:BLNK) last posted its earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The company had revenue of $33.26 million during the quarter, compared to the consensus estimate of $38.90 million. Blink Charging had a negative return on equity of 22.70% and a negative net margin of 108.11%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted ($0.44) EPS. On average, research analysts forecast that Blink Charging will post -0.65 earnings per share for the current year.

Blink Charging Company Profile

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.