Barclays PLC Has $299,000 Position in Blink Charging Co. (NASDAQ:BLNK)

Barclays PLC increased its stake in shares of Blink Charging Co. (NASDAQ:BLNK) by 238.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,704 shares of the company’s stock after purchasing an additional 122,367 shares during the quarter. Barclays PLC owned approximately 0.17% of Blink Charging worth $299,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Blink Charging in the second quarter valued at approximately $29,000. Principal Financial Group Inc. acquired a new stake in Blink Charging in the second quarter valued at approximately $30,000. Victory Capital Management Inc. acquired a new stake in Blink Charging in the second quarter valued at approximately $33,000. DRW Securities LLC acquired a new stake in Blink Charging in the third quarter valued at approximately $33,000. Finally, United Advisor Group LLC acquired a new stake in Blink Charging in the third quarter valued at approximately $34,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLNK has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th. UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Finally, Needham & Company LLC cut shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Blink Charging currently has an average rating of “Hold” and an average price target of $5.64.

Blink Charging Trading Up 6.7 %

Shares of Blink Charging stock opened at $1.60 on Monday. Blink Charging Co. has a 1-year low of $1.38 and a 1-year high of $3.75. The firm has a fifty day simple moving average of $1.66 and a 200-day simple moving average of $2.09. The stock has a market capitalization of $161.88 million, a price-to-earnings ratio of -1.06 and a beta of 2.61.

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.