Blink Charging Co. (NASDAQ:BLNK) Receives $3.04 Average Target Price from Brokerages

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $3.04.

BLNK has been the subject of several analyst reports. Benchmark reduced their price objective on Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Blink Charging in a research note on Friday, March 14th. Barclays cut their target price on shares of Blink Charging from $3.00 to $1.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their price target on shares of Blink Charging from $3.50 to $2.00 and set a "hold" rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group cut their price objective on Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

Institutional Trading of Blink Charging

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Blink Charging by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock valued at $3,982,000 after purchasing an additional 222,949 shares during the period. Barclays PLC lifted its position in Blink Charging by 238.4% in the 3rd quarter. Barclays PLC now owns 173,704 shares of the company's stock worth $299,000 after buying an additional 122,367 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Blink Charging by 14.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock worth $1,301,000 after buying an additional 116,758 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Blink Charging by 30.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 291,675 shares of the company's stock valued at $405,000 after buying an additional 68,027 shares during the period. Finally, PEAK6 LLC purchased a new position in shares of Blink Charging during the 4th quarter valued at $139,000. Institutional investors and hedge funds own 44.64% of the company's stock.

Blink Charging Trading Up 3.1 %

NASDAQ BLNK traded up $0.02 during trading hours on Tuesday, reaching $0.79. 5,797,825 shares of the company traded hands, compared to its average volume of 4,694,512. The stock has a market capitalization of $81.50 million, a PE ratio of -0.53 and a beta of 2.94. Blink Charging has a 12 month low of $0.63 and a 12 month high of $3.75. The company has a 50 day moving average of $0.89 and a two-hundred day moving average of $1.35.

Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.03. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. The company's revenue for the quarter was down 29.3% compared to the same quarter last year. On average, equities research analysts anticipate that Blink Charging will post -0.64 earnings per share for the current 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.