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

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has received a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.17.

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a report on Monday, January 27th. Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a report on Friday, March 14th. Roth Mkm reiterated a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Stifel Nicolaus decreased their price objective on shares of Blink Charging from $3.50 to $2.00 and set a "hold" rating for the company in a research note on Wednesday, March 26th. Finally, HC Wainwright reiterated a "buy" rating and set a $8.00 target price on shares of Blink Charging in a research report on Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. DRW Securities LLC purchased a new position in shares of Blink Charging during the third quarter worth about $33,000. Millennium Management LLC acquired a new stake in Blink Charging during the 4th quarter worth approximately $43,000. Verition Fund Management LLC purchased a new position in shares of Blink Charging in the 3rd quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new position in shares of Blink Charging in the third quarter valued at approximately $52,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Blink Charging during the fourth quarter worth approximately $57,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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Blink Charging Stock Down 1.9 %

Blink Charging stock traded down $0.02 during trading on Friday, reaching $0.92. The stock had a trading volume of 2,301,383 shares, compared to its average volume of 4,656,311. Blink Charging has a 52-week low of $0.87 and a 52-week high of $3.75. The business has a 50 day moving average price of $1.07 and a 200 day moving average price of $1.49. The stock has a market cap of $92.85 million, a PE ratio of -0.61 and a beta of 2.86.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. The firm had revenue of $30.20 million for the quarter, compared to analyst estimates of $30.77 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. Blink Charging's revenue for the quarter was down 29.3% compared to the same quarter last year. On average, equities analysts predict that Blink Charging will post -0.64 EPS for the current fiscal year.

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.