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

Key Points

• Consensus "Hold": Seven analysts give BLNK an average rating of "Hold" (1 sell, 5 hold, 1 buy) with a 1-year price target of $1.95.
• Shares trade around $0.58, near a one-year low of $0.45 (one-year high $2.65); market cap is about $83.2M and the company shows a negative P/E, reflecting unprofitable operations.
• Recent analyst moves include downgrades from Wall Street Zen and Weiss Ratings to sell, while institutional ownership is roughly 44.64% with several small new stakes reported.

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $1.95.

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Blink Charging from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings restated a "sell (d-)" rating on shares of Blink Charging in a research report on Friday, January 9th.

Blink Charging Price Performance

Shares of BLNK opened at $0.58 on Tuesday. Blink Charging has a one year low of $0.45 and a one year high of $2.65. The company has a market cap of $83.23 million, a P/E ratio of -0.47 and a beta of 1.83. The firm has a 50 day simple moving average of $0.65 and a two-hundred day simple moving average of $1.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Blink Charging during the third quarter worth $31,000. Squarepoint Ops LLC bought a new stake in shares of Blink Charging during the third quarter worth $33,000. Ethic Inc. bought a new stake in shares of Blink Charging during the third quarter worth $35,000. Engineers Gate Manager LP grew its stake in shares of Blink Charging by 58.8% during the second quarter. Engineers Gate Manager LP now owns 29,312 shares of the company's stock worth $28,000 after buying an additional 10,851 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Blink Charging during the third quarter worth $59,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink's product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.

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