Blink Charging Co. (NASDAQ:BLNK) Given Consensus Rating of "Hold" by Analysts

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $2.47.

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a research note on Thursday, April 17th. HC Wainwright decreased their price target on Blink Charging from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Stifel Nicolaus decreased their price target on Blink Charging from $2.00 to $1.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Benchmark decreased their price target on Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, Roth Mkm reiterated a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Blink Charging in a research note on Friday, March 14th.

Blink Charging Stock Performance

BLNK stock traded up $0.08 during trading on Friday, reaching $1.02. 3,526,192 shares of the company traded hands, compared to its average volume of 4,291,764. Blink Charging has a 12 month low of $0.63 and a 12 month high of $3.75. The business has a 50 day simple moving average of $0.84 and a 200 day simple moving average of $1.00. The company has a market capitalization of $104.77 million, a price-to-earnings ratio of -0.51 and a beta of 3.22.

Blink Charging (NASDAQ:BLNK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). Blink Charging had a negative net margin of 184.37% and a negative return on equity of 39.14%. The business had revenue of $20.75 million during the quarter, compared to analysts' expectations of $27.60 million. As a group, research analysts forecast that Blink Charging will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BLNK. Charles Schwab Investment Management Inc. raised its stake in shares of Blink Charging by 14.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock worth $1,301,000 after purchasing an additional 116,758 shares during the last quarter. Intech Investment Management LLC raised its position in Blink Charging by 59.5% during the fourth quarter. Intech Investment Management LLC now owns 48,569 shares of the company's stock valued at $68,000 after acquiring an additional 18,110 shares in the last quarter. American Century Companies Inc. raised its position in Blink Charging by 8.4% during the fourth quarter. American Century Companies Inc. now owns 130,783 shares of the company's stock valued at $182,000 after acquiring an additional 10,123 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Blink Charging by 30.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 291,675 shares of the company's stock valued at $405,000 after acquiring an additional 68,027 shares in the last quarter. Finally, Invesco Ltd. raised its position in Blink Charging by 19.4% during the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company's stock valued at $1,373,000 after acquiring an additional 160,251 shares in the last quarter. 44.64% of the stock is currently owned by hedge funds and other 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.