Blink Charging Co. (NASDAQ:BLNK) Receives $5.64 Consensus PT from Brokerages

Blink Charging Co. (NASDAQ:BLNK) has received an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.64.

Several research analysts have issued reports on BLNK shares. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a report on Tuesday, November 12th. UBS Group downgraded shares of Blink Charging from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Finally, Needham & Company LLC downgraded shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was bought 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 owns 175,718 shares in the company, valued at $298,720.60. This represents a 12.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Blink Charging

Hedge funds have recently modified their holdings of the stock. BCGM Wealth Management LLC purchased a new position in Blink Charging in the 2nd quarter worth $27,000. Hsbc Holdings PLC acquired a new position in shares of Blink Charging in the second quarter valued at about $29,000. Principal Financial Group Inc. purchased a new position in shares of Blink Charging in the second quarter worth about $30,000. Victory Capital Management Inc. acquired a new stake in shares of Blink Charging during the second quarter worth about $33,000. Finally, DRW Securities LLC purchased a new stake in Blink Charging in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Trading Up 2.1 %

BLNK opened at $1.49 on Wednesday. The business’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $2.23. The company has a market capitalization of $150.75 million, a price-to-earnings ratio of -0.99 and a beta of 2.58. Blink Charging has a 12-month low of $1.42 and a 12-month high of $4.48.

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.