Needham & Company LLC restated their buy rating on shares of Blink Charging (NASDAQ:BLNK - Free Report) in a research note released on Wednesday morning,Benzinga reports.
Other equities research analysts have also issued reports about the company. UBS Group lowered Blink Charging from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $3.00 to $2.00 in a report on Thursday, November 14th. Benchmark reiterated a "buy" rating and issued a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Blink Charging currently has a consensus rating of "Moderate Buy" and an average price target of $5.64.
Check Out Our Latest Report on Blink Charging
Blink Charging Stock Up 1.4 %
BLNK stock traded up $0.02 during trading hours on Wednesday, hitting $1.46. The company's stock had a trading volume of 3,791,903 shares, compared to its average volume of 4,939,785. The stock has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $2.04. Blink Charging has a 12 month low of $1.38 and a 12 month high of $3.75. The company has a market capitalization of $147.73 million, a PE ratio of -0.97 and a beta of 2.61.
Institutional Trading of Blink Charging
A number of hedge funds have recently bought and sold shares of BLNK. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Blink Charging by 8.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company's stock worth $200,000 after purchasing an additional 9,551 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Blink Charging in the second quarter valued at $29,000. Victory Capital Management Inc. bought a new position in Blink Charging in the second quarter worth $33,000. The Manufacturers Life Insurance Company boosted its stake in Blink Charging by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company's stock worth $103,000 after buying an additional 16,549 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in Blink Charging in the 3rd quarter valued at $33,000. 44.64% of the stock is owned by institutional investors.
Blink Charging Company Profile
(
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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.
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