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

Shares of Blink Charging Co. (NASDAQ:BLNK) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.64.

BLNK has been the topic of several research analyst reports. UBS Group lowered Blink Charging from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.00 to $2.00 in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Finally, Needham & Company LLC cut shares of Blink Charging from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price of $1.70 per share, with a total value of $34,000.00. Following the purchase, the director now owns 175,718 shares in the company, valued at approximately $298,720.60. The trade was a 12.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Blink Charging in the third quarter valued at approximately $96,000. Barclays PLC increased its stake in shares of Blink Charging by 238.4% in the 3rd quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after acquiring an additional 122,367 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Blink Charging by 10.7% in the 3rd 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. Orion Portfolio Solutions LLC purchased a new position in shares of Blink Charging during the 3rd quarter worth $90,000. Finally, XTX Topco Ltd acquired a new position in shares of Blink Charging during the 3rd quarter valued at about $129,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Up 2.0 %

NASDAQ:BLNK opened at $1.52 on Wednesday. Blink Charging has a 52 week low of $1.42 and a 52 week high of $4.48. The stock’s 50-day moving average price is $1.76 and its 200-day moving average price is $2.18. The stock has a market capitalization of $153.79 million, a PE ratio of -1.01 and a beta of 2.58.

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.