Analysts Set Blink Charging Co. (NASDAQ:BLNK) Price Target at $5.64

Blink Charging Co. (NASDAQ:BLNK) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.64.

A number of research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. UBS Group lowered shares of Blink Charging from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.00 to $2.00 in a research report on Thursday, November 14th. Finally, Needham & Company LLC downgraded shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Blink Charging

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Blink Charging during the 3rd quarter worth approximately $96,000. Barclays PLC lifted its position in shares of Blink Charging by 238.4% during the third quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after purchasing an additional 122,367 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after purchasing an additional 222,949 shares during the period. Orion Portfolio Solutions LLC bought a new position in shares of Blink Charging in the third quarter worth about $90,000. Finally, XTX Topco Ltd purchased a new position in Blink Charging in the 3rd quarter worth about $129,000. Institutional investors own 44.64% of the company’s stock.

Blink Charging Trading Down 6.5 %

Shares of Blink Charging stock opened at $1.44 on Friday. The firm has a market cap of $145.69 million, a PE ratio of -0.95 and a beta of 2.61. The stock has a 50 day moving average of $1.61 and a 200 day moving average of $2.04. Blink Charging has a 12 month low of $1.38 and a 12 month high of $3.75.

About Blink Charging

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.