Insider Selling: Blink Charging Co. (NASDAQ:BLNK) Director Sells 24,077 Shares of Stock

Blink Charging Co. (NASDAQ:BLNK) Director Kristina A. Peterson sold 24,077 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kristina A. Peterson also recently made the following trade(s):

• On Tuesday, June 25th, Kristina A. Peterson sold 4,510 shares of Blink Charging stock. The stock was sold at an average price of $2.77, for a total value of $12,492.70.

Blink Charging Trading Down 2.9 %

BLNK stock traded down $0.05 during mid-day trading on Monday, reaching $1.69. The company’s stock had a trading volume of 3,685,360 shares, compared to its average volume of 5,847,653. The stock has a market cap of $170.79 million, a PE ratio of -0.59 and a beta of 2.66. The company’s 50 day moving average is $2.35 and its two-hundred day moving average is $2.69. Blink Charging Co. has a fifty-two week low of $1.53 and a fifty-two week high of $4.66.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Blink Charging had a negative return on equity of 22.70% and a negative net margin of 108.11%. The company had revenue of $33.26 million for the quarter, compared to analyst estimates of $38.90 million. During the same period last year, the firm posted ($0.44) EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Blink Charging Co. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Needham & Company LLC reduced their price target on Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. HC Wainwright decreased their price objective on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus cut their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, August 12th. Benchmark started coverage on Blink Charging in a report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, B. Riley raised shares of Blink Charging to a “hold” rating in a report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Investors Weigh In On Blink Charging

Hedge funds and other institutional investors have recently bought and sold shares of the company. BCGM Wealth Management LLC purchased a new stake in shares of Blink Charging in the 2nd quarter valued at approximately $27,000. Hsbc Holdings PLC acquired a new position in Blink Charging during the second quarter worth $29,000. Principal Financial Group Inc. purchased a new position in shares of Blink Charging during the second quarter worth $30,000. Victory Capital Management Inc. acquired a new stake in shares of Blink Charging in the second quarter valued at $33,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Blink Charging in the fourth quarter valued at $42,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.