Blink Charging Co. (NASDAQ:BLNK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of brokerages recently issued reports on BLNK. Needham & Company LLC dropped their target price on shares of Blink Charging from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Stifel Nicolaus reissued a “hold” rating and issued a $4.00 target price on shares of Blink Charging in a report on Thursday, May 16th. UBS Group dropped their price target on Blink Charging from $7.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, May 21st. Roth Mkm reduced their price objective on Blink Charging from $25.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, DA Davidson restated a “neutral” rating and issued a $5.00 target price on shares of Blink Charging in a research note on Friday, March 15th.

Blink Charging Trading Up 1.5 %

NASDAQ BLNK opened at $2.78 on Wednesday. Blink Charging has a 1-year low of $2.18 and a 1-year high of $7.25. The company has a market capitalization of $280.95 million, a price-to-earnings ratio of -0.97 and a beta of 2.76. The stock’s 50 day moving average is $2.92 and its two-hundred day moving average is $2.90.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results 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 business had revenue of $37.57 million for the quarter, compared to analyst estimates of $33.74 million. On average, analysts predict that Blink Charging will post -0.56 earnings per share for the current year.

Institutional Trading of Blink Charging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Blink Charging by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after buying an additional 365,098 shares during the period. Invesco Ltd. raised its position in shares of Blink Charging by 35.8% during the 3rd quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock valued at $6,601,000 after acquiring an additional 568,417 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Blink Charging by 39.0% in the 3rd quarter. Stifel Financial Corp now owns 890,505 shares of the company’s stock valued at $2,725,000 after purchasing an additional 249,810 shares during the period. Quadrature Capital Ltd boosted its position in shares of 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 purchasing an additional 411,763 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Blink Charging by 179.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 252,246 shares of the company’s stock worth $855,000 after purchasing an additional 162,109 shares during the period. 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.