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

Blink Charging (NASDAQ:BLNK)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a note issued to investors on Friday,Benzinga reports. They presently have a $3.00 price objective on the stock, down from their previous price objective of $4.00. Roth Mkm’s price objective suggests a potential upside of 214.40% from the stock’s previous close.

A number of other research firms have also commented on BLNK. HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of Blink Charging in a research note on Friday. Barclays reduced their price objective on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Benchmark reduced their price objective on Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group reduced their price objective on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.39.

Blink Charging Price Performance

Shares of NASDAQ:BLNK opened at $0.95 on Friday. The business’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $1.55. Blink Charging has a fifty-two week low of $0.87 and a fifty-two week high of $3.75. The stock has a market capitalization of $96.54 million, a price-to-earnings ratio of -0.63 and a beta of 2.86.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. The firm had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $30.77 million. During the same period in the prior year, the business posted ($0.28) earnings per share. The business’s revenue was down 29.3% compared to the same quarter last year. Research analysts expect that Blink Charging will post -0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Blink Charging

Several large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new position in shares of Blink Charging during the fourth quarter valued at $107,000. Man Group plc acquired a new position in Blink Charging in the fourth quarter valued at about $626,000. Millennium Management LLC acquired a new position in Blink Charging in the fourth quarter valued at about $43,000. Deutsche Bank AG lifted its stake in Blink Charging by 23.4% in the fourth quarter. Deutsche Bank AG now owns 98,906 shares of the company’s stock valued at $137,000 after buying an additional 18,771 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Blink Charging in the fourth quarter valued at about $57,000. Institutional investors and hedge funds 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.