Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of "Hold" from Brokerages

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned an average recommendation of "Hold" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.09.

Several research firms have commented on BLNK. Needham & Company LLC reaffirmed a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and set a $5.00 price objective on shares of Blink Charging in a report on Tuesday, November 12th. UBS Group dropped their target price on shares of Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Barclays lowered 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 research note on Tuesday, February 4th.

Institutional Trading of Blink Charging

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock worth $3,982,000 after purchasing an additional 222,949 shares during the period. Stifel Financial Corp increased its position in shares of Blink Charging by 14.7% during the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company's stock worth $2,419,000 after acquiring an additional 180,027 shares in the last quarter. Invesco Ltd. increased its position in shares of Blink Charging by 19.4% during the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company's stock worth $1,373,000 after acquiring an additional 160,251 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Blink Charging by 14.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock valued at $1,301,000 after purchasing an additional 116,758 shares in the last quarter. Finally, Northern Trust Corp grew its position in Blink Charging by 1.7% in the 4th quarter. Northern Trust Corp now owns 794,156 shares of the company's stock worth $1,104,000 after purchasing an additional 13,336 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

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Blink Charging Stock Up 8.7 %

Shares of BLNK traded up $0.09 during trading hours on Monday, reaching $1.07. The company's stock had a trading volume of 2,104,415 shares, compared to its average volume of 4,996,825. The firm has a market cap of $107.75 million, a price-to-earnings ratio of -0.71 and a beta of 2.86. The company has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.61. Blink Charging has a 1-year low of $0.87 and a 1-year high of $3.75.

Blink Charging Company Profile

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.