Blink Charging Co. (NASDAQ:BLNK - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders purchased 8,461 call options on the stock. This represents an increase of approximately 66% compared to the typical daily volume of 5,108 call options.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Blink Charging during the third quarter worth about $96,000. Barclays PLC raised its position in shares of Blink Charging by 238.4% in the third quarter. Barclays PLC now owns 173,704 shares of the company's stock valued at $299,000 after buying an additional 122,367 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Blink Charging by 10.7% in the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock valued at $3,982,000 after buying an additional 222,949 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in Blink Charging during the third quarter worth approximately $90,000. Finally, XTX Topco Ltd acquired a new position in Blink Charging in the 3rd quarter valued at $129,000. 44.64% of the stock is owned by institutional investors and hedge funds.
Blink Charging Stock Up 0.6 %
Shares of Blink Charging stock traded up $0.01 on Tuesday, hitting $1.68. The stock had a trading volume of 6,612,038 shares, compared to its average volume of 5,753,657. The stock has a market cap of $169.97 million, a price-to-earnings ratio of -1.11 and a beta of 2.61. Blink Charging has a twelve month low of $1.38 and a twelve month high of $3.75. The business's 50 day moving average is $1.64 and its two-hundred day moving average is $2.08.
Analyst Ratings Changes
BLNK has been the topic of several analyst reports. 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. UBS Group downgraded shares of Blink Charging from a "buy" rating to a "neutral" rating and cut their target price for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Finally, Needham & Company LLC downgraded Blink Charging from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.64.
Check Out Our Latest Report on BLNK
About Blink Charging
(
Get Free Report)
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.
Further Reading
Before you consider Blink Charging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blink Charging wasn't on the list.
While Blink Charging currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
