Analysts Set Blink Charging Co. (NASDAQ:BLNK) PT at $2.47

Shares of Blink Charging Co. (NASDAQ:BLNK - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.47.

Several brokerages have weighed in on BLNK. Roth Mkm reissued a "buy" rating and set a $3.00 price target (down previously from $4.00) on shares of Blink Charging in a research report on Friday, March 14th. Benchmark dropped their price target on Blink Charging from $5.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus cut their price objective on shares of Blink Charging from $2.00 to $1.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. UBS Group reduced their price target on 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 cut their price target on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th.

Hedge Funds Weigh In On Blink Charging

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in Blink Charging in the 4th quarter worth approximately $43,000. Cerity Partners LLC purchased a new stake in Blink Charging during the first quarter valued at $30,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Blink Charging during the 1st quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Blink Charging in the 1st quarter valued at approximately $35,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Blink Charging in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 44.64% of the company's stock.

Blink Charging Price Performance

NASDAQ BLNK traded down $0.04 during trading hours on Wednesday, reaching $0.93. 3,778,224 shares of the stock traded hands, compared to its average volume of 4,344,890. The stock has a 50 day simple moving average of $0.76 and a two-hundred day simple moving average of $1.10. The company has a market cap of $95.48 million, a price-to-earnings ratio of -0.62 and a beta of 3.28. Blink Charging has a 1 year low of $0.63 and a 1 year high of $3.75.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.18) earnings per share 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 the consensus estimate of $27.60 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. On average, sell-side analysts forecast that Blink Charging will post -0.64 EPS for the current fiscal year.

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.