Blink Charging (BLNK) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Blink Charging (NASDAQ: BLNK):

• 3/18/2024 – Blink Charging had its price target lowered by analysts at HC Wainwright from $25.00 to $15.00. They now have a “buy” rating on the stock.
• 3/15/2024 – Blink Charging had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $5.00 price target on the stock.
• 3/15/2024 – Blink Charging had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $7.00 price target on the stock.
• 3/15/2024 – Blink Charging had its price target lowered by analysts at Roth Mkm from $25.00 to $12.00. They now have a “buy” rating on the stock.
• 2/14/2024 – Blink Charging had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $7.00 price target on the stock.

Blink Charging Stock Performance

Shares of BLNK opened at $3.01 on Friday. The stock’s fifty day moving average is $2.86 and its 200-day moving average is $3.03. The firm has a market capitalization of $303.98 million, a price-to-earnings ratio of -0.93 and a beta of 2.78. Blink Charging Co. has a one year low of $2.18 and a one year high of $8.90.

Institutional Investors Weigh In On Blink Charging

A number of institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Blink Charging during the 1st quarter worth about $25,000. Dark Forest Capital Management LP bought a new position in shares of Blink Charging in the 1st quarter valued at approximately $31,000. Point72 Hong Kong Ltd bought a new position in shares of Blink Charging in the 1st quarter valued at approximately $103,000. US Bancorp DE raised its stake in shares of Blink Charging by 73.5% in the 1st quarter. US Bancorp DE now owns 4,090 shares of the company’s stock valued at $108,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Blink Charging in the 2nd quarter valued at approximately $27,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.