Blink Charging Co. (NASDAQ:BLNK) Given Consensus Recommendation of "Moderate Buy" by Analysts

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts have issued reports on BLNK shares. HC Wainwright lowered their target price on shares of Blink Charging from $15.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Needham & Company LLC dropped their price objective on Blink Charging from $6.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Benchmark initiated coverage on Blink Charging in a report on Wednesday, July 31st. They set a "buy" rating and a $5.00 target price for the company. Stifel Nicolaus lowered their price target on shares of Blink Charging from $4.00 to $3.50 and set a "hold" rating on the stock in a report on Monday, August 12th. Finally, B. Riley upgraded shares of Blink Charging to a "hold" rating in a research report on Tuesday, June 25th.

Blink Charging Price Performance

Shares of BLNK traded up $0.18 during mid-day trading on Friday, hitting $1.96. The stock had a trading volume of 7,397,076 shares, compared to its average volume of 5,776,257. Blink Charging has a 52 week low of $1.53 and a 52 week high of $4.66. The business has a fifty day moving average price of $2.06 and a 200-day moving average price of $2.61. The firm has a market cap of $198.08 million, a P/E ratio of -0.68 and a beta of 2.66.

Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The firm had revenue of $33.26 million during the quarter, compared to the consensus estimate of $38.90 million. Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. As a group, research analysts expect that Blink Charging will post -0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jack Levine acquired 20,000 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $1.70 per share, with a total value of $34,000.00. Following the acquisition, the director now owns 175,718 shares of the company's stock, valued at approximately $298,720.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack Levine purchased 20,000 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were acquired at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the director now directly owns 175,718 shares of the company's stock, valued at approximately $298,720.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.50% of the company's stock.

Hedge Funds Weigh In On Blink Charging

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Blink Charging by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company's stock worth $9,809,000 after purchasing an additional 365,098 shares during the period. KBC Group NV raised its holdings in Blink Charging by 173.4% during the 4th quarter. KBC Group NV now owns 224,472 shares of the company's stock valued at $761,000 after buying an additional 142,366 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Blink Charging by 36.3% during the 1st quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company's stock valued at $119,000 after buying an additional 10,554 shares during the period. Quadrature Capital Ltd grew its holdings in Blink Charging by 861.1% in the 4th quarter. Quadrature Capital Ltd now owns 459,583 shares of the company's stock worth $1,558,000 after acquiring an additional 411,763 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Blink Charging by 48.9% in the first quarter. SG Americas Securities LLC now owns 26,376 shares of the company's stock valued at $79,000 after acquiring an additional 8,668 shares during the period. Institutional investors own 44.64% of the company's stock.

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.