Shares of Blink Charging Co. (NASDAQ:BLNK - Get Free Report) have earned a consensus rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.09.
A number of research analysts recently issued reports on BLNK shares. UBS Group cut their price objective on Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a research note on Monday, January 27th. Benchmark reissued a "buy" rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC restated a "buy" rating on shares of Blink Charging in a research note on Wednesday, January 15th. Finally, Barclays dropped their target price on shares of Blink Charging from $3.00 to $1.50 and set an "equal weight" rating for the company in a report on Tuesday, February 4th.
View Our Latest Research Report on BLNK
Hedge Funds Weigh In On Blink Charging
A number of hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock worth $1,301,000 after purchasing an additional 116,758 shares during the last quarter. Swedbank AB grew its holdings in Blink Charging by 45.2% in the 4th quarter. Swedbank AB now owns 327,552 shares of the company's stock valued at $455,000 after buying an additional 102,036 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Blink Charging in the 3rd quarter worth $96,000. Barclays PLC raised its holdings in shares of Blink Charging by 238.4% during 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 period. Finally, Geode Capital Management LLC boosted its position in shares of Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock valued at $3,982,000 after acquiring an additional 222,949 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.
Blink Charging Trading Down 6.9 %
Shares of BLNK stock traded down $0.08 during mid-day trading on Thursday, reaching $1.08. 7,153,611 shares of the company's stock traded hands, compared to its average volume of 4,007,058. The firm has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.81. Blink Charging has a 12 month low of $1.07 and a 12 month high of $3.75.
About Blink Charging
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Get Free ReportBlink 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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