Blink Charging (NASDAQ:BLNK) Rating Lowered to Neutral at UBS Group

Blink Charging (NASDAQ:BLNK) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $2.00 target price on the stock, down from their previous target price of $3.00. UBS Group’s price objective indicates a potential upside of 31.58% from the company’s current price.

BLNK has been the subject of a number of other reports. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research note on Tuesday. HC Wainwright cut their price objective on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Needham & Company LLC decreased their target price on Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Blink Charging Stock Down 5.6 %

Shares of BLNK opened at $1.52 on Thursday. Blink Charging has a twelve month low of $1.50 and a twelve month high of $4.66. The company has a 50 day moving average of $1.88 and a two-hundred day moving average of $2.47. The company has a market cap of $153.79 million, a price-to-earnings ratio of -1.01 and a beta of 2.65.

Insider Transactions at Blink Charging

In other news, Director Kristina A. Peterson sold 24,077 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack Levine purchased 20,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $1.70 per share, with a total value of $34,000.00. Following the completion of the acquisition, the director now owns 175,718 shares in the company, valued at approximately $298,720.60. This trade represents a 12.84 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. 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 stake in Blink Charging in the 2nd quarter valued at approximately $29,000. Principal Financial Group Inc. purchased a new stake in Blink Charging in the second quarter valued at approximately $30,000. Victory Capital Management Inc. acquired a new position in Blink Charging during the second quarter worth $33,000. Finally, Cetera Advisors LLC boosted its position in shares of Blink Charging by 36.1% during the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock worth $42,000 after buying an additional 3,673 shares during the period. 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.