Blink Charging Co. (NASDAQ:BLNK) Given Average Rating of "Hold" by Brokerages

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been given an average rating of "Hold" by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $2.47.

A number of research analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Blink Charging in a report on Tuesday, May 13th. Stifel Nicolaus dropped their price objective on shares of Blink Charging from $2.00 to $1.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Benchmark dropped their price objective on shares of Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. UBS Group dropped their price objective on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, HC Wainwright dropped their price objective on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, May 14th.

Blink Charging Trading Up 5.6%

BLNK stock opened at $0.97 on Friday. The stock has a market capitalization of $99.23 million, a P/E ratio of -0.49 and a beta of 3.22. Blink Charging has a 12 month low of $0.63 and a 12 month high of $3.75. The firm has a 50-day moving average price of $0.82 and a 200-day moving average price of $1.01.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted its 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). The company had revenue of $20.75 million during the quarter, compared to the consensus estimate of $27.60 million. Blink Charging had a negative return on equity of 39.14% and a negative net margin of 184.37%. As a group, equities analysts predict that Blink Charging will post -0.64 EPS for the current fiscal year.

Institutional Trading of Blink Charging

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Blink Charging by 19.4% during the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company's stock valued at $1,373,000 after purchasing an additional 160,251 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Blink Charging during the 4th quarter valued at approximately $57,000. Millennium Management LLC acquired a new stake in Blink Charging during the 4th quarter valued at approximately $43,000. Barclays PLC increased its position in Blink Charging by 14.0% during the 4th quarter. Barclays PLC now owns 198,075 shares of the company's stock valued at $275,000 after purchasing an additional 24,371 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock valued at $1,301,000 after purchasing an additional 116,758 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.