Blink Charging (NASDAQ:BLNK) Price Target Lowered to $1.70 at UBS Group

Blink Charging (NASDAQ:BLNK) had its price objective reduced by UBS Group from $2.00 to $1.70 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on BLNK. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

Blink Charging Stock Performance

Blink Charging stock opened at $1.23 on Monday. Blink Charging has a fifty-two week low of $1.20 and a fifty-two week high of $3.75. The stock has a market cap of $124.45 million, a P/E ratio of -0.81 and a beta of 2.61. The firm’s fifty day moving average price is $1.53 and its 200-day moving average price is $1.94.

Institutional Investors Weigh In On Blink Charging

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in Blink Charging in the second quarter worth $29,000. DRW Securities LLC bought a new position in Blink Charging in the 3rd quarter worth $33,000. United Advisor Group LLC purchased a new stake in shares of Blink Charging in the 3rd quarter worth about $34,000. Verition Fund Management LLC bought a new stake in shares of Blink Charging during the 3rd quarter valued at about $48,000. Finally, Intech Investment Management LLC purchased a new position in shares of Blink Charging during the third quarter valued at about $52,000. 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.