Barclays Lowers Blink Charging (NASDAQ:BLNK) Price Target to $1.50

Blink Charging (NASDAQ:BLNK - Get Free Report) had its price objective reduced by equities research analysts at Barclays from $3.00 to $1.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 38.89% from the stock's previous close.

BLNK has been the topic of a number of other reports. Benchmark reiterated a "buy" rating and issued a $5.00 target price on shares of Blink Charging in a report on Tuesday, November 12th. Needham & Company LLC reiterated a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. Finally, UBS Group lowered their target price on shares of Blink Charging from $2.00 to $1.70 and set a "neutral" rating on the stock in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.09.

Blink Charging Trading Down 6.9 %

BLNK stock traded down $0.08 during trading on Tuesday, reaching $1.08. 7,153,611 shares of the stock were exchanged, compared to its average volume of 4,577,507. The firm's 50 day moving average is $1.46 and its 200 day moving average is $1.82. The firm has a market cap of $109.27 million, a P/E ratio of -0.72 and a beta of 2.59. Blink Charging has a twelve month low of $1.07 and a twelve month high of $3.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Blink Charging by 8.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company's stock worth $200,000 after buying an additional 9,551 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Blink Charging by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company's stock valued at $103,000 after acquiring an additional 16,549 shares during the period. DRW Securities LLC purchased a new stake in shares of Blink Charging during the 3rd quarter worth approximately $33,000. United Advisor Group LLC bought a new stake in shares of Blink Charging in the 3rd quarter worth approximately $34,000. Finally, Verition Fund Management LLC purchased a new position in Blink Charging in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 44.64% of the company's stock.

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.