Blink Charging Co. (NASDAQ:BLNK) Receives $5.09 Consensus Price Target from Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.09.

Several research firms recently commented on BLNK. Needham & Company LLC reissued a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Barclays reduced their price target on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group reduced their price target on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th.

Institutional Trading of Blink Charging

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after buying an additional 222,949 shares during the period. Stifel Financial Corp boosted its holdings in shares of Blink Charging by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after buying an additional 180,027 shares during the period. Invesco Ltd. boosted its holdings in shares of Blink Charging by 19.4% during the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock worth $1,373,000 after buying an additional 160,251 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Blink Charging by 14.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock valued at $1,301,000 after purchasing an additional 116,758 shares during the period. Finally, Northern Trust Corp boosted its holdings in Blink Charging by 1.7% in the 4th quarter. Northern Trust Corp now owns 794,156 shares of the company’s stock valued at $1,104,000 after purchasing an additional 13,336 shares during the period. 44.64% of the stock is owned by institutional investors.

Blink Charging Stock Up 2.5 %

Shares of NASDAQ:BLNK opened at $0.98 on Monday. Blink Charging has a fifty-two week low of $0.87 and a fifty-two week high of $3.75. The firm has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.61. The company has a market cap of $99.15 million, a PE ratio of -0.65 and a beta of 2.86.

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.