Blink Charging Co. (NASDAQ:BLNK) Receives Consensus Rating of "Moderate Buy" from Analysts

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.58.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price target on Blink Charging from $7.00 to $4.50 and set a "buy" rating on the stock in a research note on Tuesday, May 21st. B. Riley upgraded shares of Blink Charging to a "hold" rating in a research note on Tuesday, June 25th. Stifel Nicolaus reiterated a "hold" rating and set a $4.00 price objective on shares of Blink Charging in a research note on Thursday, May 16th. Finally, Needham & Company LLC cut their target price on Blink Charging from $7.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, May 10th.

Blink Charging Stock Performance

BLNK traded down $0.20 during trading on Friday, hitting $3.12. The stock had a trading volume of 3,358,402 shares, compared to its average volume of 4,840,025. The stock has a 50 day simple moving average of $3.07 and a two-hundred day simple moving average of $2.87. Blink Charging has a twelve month low of $2.18 and a twelve month high of $7.25. The company has a market capitalization of $315.31 million, a PE ratio of -1.09 and a beta of 2.73.

Blink Charging (NASDAQ:BLNK - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.10. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. The firm had revenue of $37.57 million during the quarter, compared to analyst estimates of $33.74 million. On average, equities research analysts anticipate that Blink Charging will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new position in Blink Charging in the fourth quarter valued at approximately $37,000. Private Advisor Group LLC purchased a new position in shares of Blink Charging during the 4th quarter valued at approximately $42,000. Cetera Advisors LLC increased its holdings in shares of Blink Charging by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 13,842 shares of the company's stock valued at $42,000 after purchasing an additional 3,673 shares in the last quarter. CWM LLC lifted its stake in shares of Blink Charging by 60.2% in the 2nd quarter. CWM LLC now owns 15,520 shares of the company's stock valued at $43,000 after purchasing an additional 5,834 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Blink Charging during the first quarter worth $48,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.