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

Shares of Blink Charging Co. (NASDAQ:BLNK - Get Free Report) have been given an average recommendation of "Hold" by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $2.47.

Several brokerages have recently issued reports on BLNK. Stifel Nicolaus lowered their price objective on shares of Blink Charging from $2.00 to $1.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Roth Mkm reaffirmed a "buy" rating and issued a $3.00 price objective (down previously from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Blink Charging in a research note on Tuesday, May 13th. HC Wainwright lowered their price objective on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, UBS Group lowered their price objective on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of Blink Charging by 20.1% in the first quarter. Invesco Ltd. now owns 1,185,794 shares of the company's stock worth $1,088,000 after acquiring an additional 198,350 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 116,758 shares in the last quarter. AQR Capital Management LLC grew its position in Blink Charging by 8,386.8% during the first quarter. AQR Capital Management LLC now owns 884,410 shares of the company's stock valued at $812,000 after purchasing an additional 873,989 shares in the last quarter. Northern Trust Corp grew its position in Blink Charging by 1.7% during the fourth quarter. Northern Trust Corp now owns 794,156 shares of the company's stock valued at $1,104,000 after purchasing an additional 13,336 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Blink Charging during the first quarter valued at approximately $506,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Blink Charging Stock Performance

Shares of BLNK stock traded down $0.05 during midday trading on Wednesday, reaching $0.87. 1,681,794 shares of the company were exchanged, compared to its average volume of 4,289,090. Blink Charging has a 12 month low of $0.63 and a 12 month high of $3.75. The company has a market cap of $89.15 million, a P/E ratio of -0.57 and a beta of 3.28. The company's 50 day moving average price is $0.76 and its two-hundred day moving average price is $1.09.

Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $20.75 million during the quarter, compared to analyst estimates of $27.60 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. As a group, sell-side analysts predict that Blink Charging will post -0.64 earnings per share for the current year.

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.