Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of “Hold” from Analysts

Shares of Blink Charging Co. (NASDAQ:BLNKGet Free Report) have been given a consensus rating of “Hold” by the eight analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.64.

A number of research analysts have recently weighed in on the company. HC Wainwright dropped their price target on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.00 to $2.00 in a research report on Thursday, November 14th. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Stifel Nicolaus cut their price objective on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, Needham & Company LLC downgraded Blink Charging from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Read Our Latest Research Report on Blink Charging

Blink Charging Price Performance

BLNK opened at $1.56 on Friday. Blink Charging has a 1-year low of $1.48 and a 1-year high of $4.48. The stock has a market cap of $157.83 million, a P/E ratio of -1.05 and a beta of 2.65. The stock’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.41.

Insider Buying and Selling at Blink Charging

In related news, Director Kristina A. Peterson sold 24,077 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack Levine purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the director now owns 175,718 shares in the company, valued at $298,720.60. The trade was a 12.84 % increase in their position. The disclosure for this purchase can be found here. 6.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blink Charging

A number of large investors have recently bought and sold shares of BLNK. Vanguard Group Inc. increased its holdings in shares of Blink Charging by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after buying an additional 365,098 shares during the last quarter. Geode Capital Management LLC increased its stake in Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after acquiring an additional 222,949 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Blink Charging by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after purchasing an additional 180,027 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Blink Charging by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after purchasing an additional 79,969 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Blink Charging by 224.9% during the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after purchasing an additional 557,336 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

About Blink Charging

(Get Free Report

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.

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Analyst Recommendations for Blink Charging (NASDAQ:BLNK)

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