Blink Charging Co. (NASDAQ:BLNK) Receives $2.13 Consensus PT from Brokerages

Blink Charging Co. (NASDAQ:BLNK) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $2.1333.

Several research firms recently weighed in on BLNK. Wall Street Zen upgraded Blink Charging from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a report on Friday, January 9th.

Insiders Place Their Bets

In other news, CFO Michael Bercovich bought 65,333 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $0.77 per share, with a total value of $50,306.41. Following the completion of the acquisition, the chief financial officer owned 188,563 shares of the company’s stock, valued at approximately $145,193.51. This represents a 53.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Blink Charging

Several institutional investors and hedge funds have recently made changes to their positions in BLNK. Vanguard Group Inc. lifted its position in Blink Charging by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock valued at $7,722,000 after acquiring an additional 282,515 shares in the last quarter. UBS Group AG increased its holdings in shares of Blink Charging by 67.9% in the 3rd quarter. UBS Group AG now owns 2,364,562 shares of the company’s stock worth $3,878,000 after purchasing an additional 956,556 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Blink Charging by 8,386.8% in the first quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock worth $812,000 after purchasing an additional 873,989 shares during the last quarter. General Motors Holdings LLC bought a new position in shares of Blink Charging during the third quarter valued at $1,248,000. Finally, XTX Topco Ltd purchased a new stake in shares of Blink Charging during the second quarter valued at $384,000. Institutional investors own 44.64% of the company’s stock.

Blink Charging Price Performance

NASDAQ:BLNK opened at $0.83 on Thursday. The firm’s 50-day moving average price is $0.95 and its 200-day moving average price is $1.23. The company has a market capitalization of $95.11 million, a PE ratio of -0.67 and a beta of 1.78. Blink Charging has a 1-year low of $0.63 and a 1-year high of $2.65.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $27.03 million for the quarter, compared to analyst estimates of $30.08 million. Blink Charging had a negative net margin of 118.41% and a negative return on equity of 74.28%. Equities analysts anticipate that Blink Charging will post -0.64 EPS for the current fiscal year.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.