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

Blink Charging Co. (NASDAQ:BLNK) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.09.

A number of brokerages have recently issued reports on BLNK. Needham & Company LLC reissued a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. Barclays dropped their price objective on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. UBS Group reduced their target price on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th.

Institutional Trading of Blink Charging

Hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in Blink Charging during the 3rd quarter worth about $33,000. United Advisor Group LLC acquired a new stake in shares of Blink Charging during the 3rd quarter worth approximately $34,000. Verition Fund Management LLC bought a new stake in shares of Blink Charging during the third quarter worth approximately $48,000. Intech Investment Management LLC bought a new stake in shares of Blink Charging during the third quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Blink Charging by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company’s stock valued at $103,000 after buying an additional 16,549 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Up 0.9 %

NASDAQ:BLNK opened at $1.07 on Thursday. The firm has a market capitalization of $108.26 million, a PE ratio of -0.71 and a beta of 2.59. Blink Charging has a 12-month low of $0.92 and a 12-month high of $3.75. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.77.

About Blink Charging

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.