Blink Charging (NASDAQ:BLNK) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Blink Charging (NASDAQ:BLNK - Free Report) in a research report report published on Friday morning,Benzinga reports. They currently have a $3.00 target price on the stock, down from their previous target price of $4.00.

Several other analysts have also recently weighed in on BLNK. Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a report on Friday. Barclays reduced their price target on Blink Charging from $3.00 to $1.50 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Benchmark reduced their price target on Blink Charging from $5.00 to $2.00 and set a "buy" rating on the stock in a report on Friday. UBS Group reduced their price target on Blink Charging from $2.00 to $1.70 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, HC Wainwright restated a "buy" rating and set a $8.00 price target on shares of Blink Charging in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.39.

Blink Charging Trading Down 1.9 %

Blink Charging stock traded down $0.02 during midday trading on Friday, reaching $1.03. The company's stock had a trading volume of 1,926,209 shares, compared to its average volume of 4,841,880. 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 $1.17 and a 200-day moving average price of $1.54. The stock has a market cap of $104.21 million, a PE ratio of -0.68 and a beta of 2.86.

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Blink Charging (NASDAQ:BLNK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $30.77 million. During the same quarter in the previous year, the business posted ($0.28) earnings per share. The business's revenue for the quarter was down 29.3% on a year-over-year basis. As a group, research analysts predict that Blink Charging will post -0.64 EPS for the current fiscal year.

Institutional Trading of Blink Charging

Several institutional investors have recently added to or reduced their stakes in BLNK. DRW Securities LLC bought a new stake in Blink Charging in the third quarter valued at approximately $33,000. Millennium Management LLC acquired a new position in Blink Charging in the fourth quarter valued at approximately $43,000. Verition Fund Management LLC acquired a new position in Blink Charging in the third quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new position in Blink Charging in the third quarter valued at approximately $52,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Blink Charging in the fourth quarter valued at approximately $57,000. 44.64% of the stock is currently owned by institutional investors.

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.