Blink Charging Co. (NASDAQ:BLNK) Receives Consensus Recommendation of “Hold” from Analysts

Blink Charging Co. (NASDAQ:BLNK) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.17.

A number of brokerages have recently weighed in on BLNK. Roth Mkm restated a “buy” rating and issued a $3.00 price objective (down from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Stifel Nicolaus cut their target price on shares of Blink Charging from $3.50 to $2.00 and set a “hold” rating for the company in a research report on Wednesday. Benchmark lowered their price target on Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of Blink Charging in a research report on Friday, March 14th. Finally, Barclays lowered their target price on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLNK. Two Sigma Investments LP bought a new stake in Blink Charging in the 4th quarter valued at $107,000. Man Group plc acquired a new stake in shares of Blink Charging in the 4th quarter valued at about $626,000. Millennium Management LLC bought a new stake in shares of Blink Charging in the fourth quarter valued at about $43,000. Deutsche Bank AG boosted its position in shares of Blink Charging by 23.4% during the fourth quarter. Deutsche Bank AG now owns 98,906 shares of the company’s stock worth $137,000 after buying an additional 18,771 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Blink Charging during the fourth quarter worth about $57,000. 44.64% of the stock is owned by institutional investors and hedge funds.

Blink Charging Trading Down 0.7 %

Shares of BLNK stock opened at $0.94 on Friday. The company has a market capitalization of $94.94 million, a price-to-earnings ratio of -0.62 and a beta of 2.86. Blink Charging has a 1-year low of $0.87 and a 1-year high of $3.75. The stock’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.51.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The company had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. The company’s revenue was down 29.3% compared to the same quarter last year. On average, sell-side analysts predict that Blink Charging will post -0.64 EPS for the current year.

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.