Blink Charging (NASDAQ:BLNK) PT Lowered to $3.00

Blink Charging (NASDAQ:BLNK) had its target price decreased by equities researchers at UBS Group from $4.50 to $3.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 47.06% from the stock’s previous close.

Several other research firms have also issued reports on BLNK. Stifel Nicolaus lowered their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, August 12th. HC Wainwright lowered their price target on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Benchmark initiated coverage on Blink Charging in a research report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 price target for the company. Needham & Company LLC lowered 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. Finally, B. Riley raised Blink Charging to a “hold” rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Blink Charging presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.79.

Blink Charging Trading Up 1.5 %

Shares of Blink Charging stock opened at $2.04 on Tuesday. The firm has a market capitalization of $206.16 million, a P/E ratio of -0.71 and a beta of 2.66. The business has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $2.56. Blink Charging has a 12 month low of $1.53 and a 12 month high of $4.66.

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

Insider Buying and Selling

In related news, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jack Levine purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the purchase, the director now directly owns 175,718 shares in the company, valued at $298,720.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristina A. Peterson sold 24,077 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The disclosure for this sale can be found here. 6.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blink Charging

A number of large investors have recently made changes to their positions in BLNK. Cetera Advisors LLC grew its stake in shares of Blink Charging by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after acquiring an additional 3,673 shares during the period. CWM LLC grew its stake in shares of Blink Charging by 60.2% during the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock valued at $43,000 after acquiring an additional 5,834 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Blink Charging by 24.8% during the 1st quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock valued at $128,000 after acquiring an additional 8,472 shares during the period. SG Americas Securities LLC grew its stake in shares of Blink Charging by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock valued at $79,000 after acquiring an additional 8,668 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Blink Charging by 14.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock valued at $215,000 after acquiring an additional 8,955 shares during the period. 44.64% of the stock is currently owned by institutional investors.

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.