Blink Charging (NASDAQ:BLNK) Earns “Buy” Rating from Benchmark

Blink Charging (NASDAQ:BLNK)‘s stock had its “buy” rating reaffirmed by Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $5.00 price objective on the stock. Benchmark’s price target suggests a potential upside of 195.86% from the company’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus reduced their target price on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, August 12th. UBS Group dropped their price objective on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. HC Wainwright lowered their target price on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC reduced their price target on Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Blink Charging currently has a consensus rating of “Moderate Buy” and an average price target of $5.79.

Blink Charging Stock Down 5.1 %

Shares of Blink Charging stock opened at $1.69 on Tuesday. Blink Charging has a 52 week low of $1.53 and a 52 week high of $4.66. The company has a market capitalization of $170.94 million, a PE ratio of -1.12 and a beta of 2.65. The stock’s fifty day moving average is $1.88 and its two-hundred day moving average is $2.49.

Insider Transactions at Blink Charging

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Blink Charging by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after buying an additional 79,969 shares during the last quarter. AQR Capital Management LLC boosted its position in Blink Charging by 224.9% during the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after acquiring an additional 557,336 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Blink Charging by 108.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 403,952 shares of the company’s stock valued at $1,107,000 after acquiring an additional 210,116 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Blink Charging in the 2nd quarter worth approximately $843,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.