Blink Charging Co. (NASDAQ:BLNK) Holdings Trimmed by State Street Corp

State Street Corp cut its holdings in Blink Charging Co. (NASDAQ:BLNK) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,027,624 shares of the company’s stock after selling 80,337 shares during the quarter. State Street Corp owned about 3.98% of Blink Charging worth $6,928,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLNK. BCGM Wealth Management LLC acquired a new position in shares of Blink Charging in the 2nd quarter worth $27,000. Hsbc Holdings PLC purchased a new position in Blink Charging in the 2nd quarter worth about $29,000. Principal Financial Group Inc. acquired a new stake in Blink Charging during the 2nd quarter worth about $30,000. Victory Capital Management Inc. purchased a new stake in Blink Charging during the second quarter valued at about $33,000. Finally, DRW Securities LLC acquired a new position in shares of Blink Charging in the third quarter worth about $33,000. Institutional investors own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLNK. Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Benchmark restated a “buy” rating and issued a $5.00 target price on shares of Blink Charging in a report on Tuesday, November 12th. Finally, UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.00 to $2.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.64.

Blink Charging Trading Down 1.9 %

BLNK opened at $1.55 on Friday. The stock has a fifty day moving average price of $1.73 and a 200 day moving average price of $2.16. Blink Charging Co. has a 1 year low of $1.42 and a 1 year high of $3.97. The stock has a market cap of $156.82 million, a price-to-earnings ratio of -1.03 and a beta of 2.58.

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.