Blink Charging (NASDAQ:BLNK - Get Free Report) had its price target decreased by equities researchers at UBS Group from $2.00 to $1.70 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 39.34% from the stock's previous close.
Other analysts have also recently issued research reports about the company. Benchmark reaffirmed a "buy" rating and set a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Blink Charging currently has a consensus rating of "Moderate Buy" and an average price target of $5.60.
Get Our Latest Analysis on BLNK
Blink Charging Price Performance
Blink Charging stock traded down $0.02 during mid-day trading on Monday, reaching $1.22. 3,217,956 shares of the company traded hands, compared to its average volume of 4,637,599. Blink Charging has a fifty-two week low of $1.15 and a fifty-two week high of $3.75. The firm's fifty day moving average is $1.51 and its two-hundred day moving average is $1.91. The company has a market capitalization of $123.44 million, a price-to-earnings ratio of -0.81 and a beta of 2.61.
Institutional Investors Weigh In On Blink Charging
A number of institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new stake in Blink Charging in the second quarter valued at approximately $29,000. DRW Securities LLC acquired a new stake in Blink Charging in the 3rd quarter valued at $33,000. United Advisor Group LLC purchased a new stake in Blink Charging in the 3rd quarter worth $34,000. Verition Fund Management LLC acquired a new position in Blink Charging during the third quarter worth $48,000. Finally, Intech Investment Management LLC purchased a new position in Blink Charging during the third quarter valued at $52,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.
About Blink Charging
(
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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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