Blink Charging Co. (NASDAQ:BLNK) Receives $2.13 Consensus Price Target from Analysts

Key Points

• The consensus recommendation for Blink Charging Co. (NASDAQ:BLNK) among analysts is a "Hold," with four firms advising a hold and three recommending a buy.
• Blink Charging's recent earnings report revealed a loss of ($0.26) earnings per share, missing estimates, although it achieved revenue of $28.67 million, exceeding expectations.
• The stock recently opened at $1.42, reflecting a market capitalization of approximately $148.69 million, while the company has a twelve-month price objective averaging $2.1333 among analysts.

Shares of Blink Charging Co. (NASDAQ:BLNK - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $2.1333.

Several equities research analysts recently weighed in on BLNK shares. HC Wainwright reaffirmed a "buy" rating and issued a $5.00 price target on shares of Blink Charging in a research note on Tuesday, August 19th. Needham & Company LLC reiterated a "hold" rating on shares of Blink Charging in a research note on Tuesday, August 19th. Barclays reduced their target price on Blink Charging from $1.50 to $1.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Finally, 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.

Blink Charging Stock Up 4.3%

Shares of NASDAQ:BLNK traded up $0.07 during midday trading on Friday, hitting $1.59. The stock had a trading volume of 2,597,963 shares, compared to its average volume of 3,587,377. The business's 50-day simple moving average is $1.07 and its 200-day simple moving average is $0.92. Blink Charging has a 12 month low of $0.63 and a 12 month high of $2.32. The company has a market cap of $165.97 million, a P/E ratio of -0.75 and a beta of 3.23.

Blink Charging (NASDAQ:BLNK - Get Free Report) last released its earnings results on Monday, August 18th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.09). Blink Charging had a negative net margin of 203.81% and a negative return on equity of 63.06%. The firm had revenue of $28.67 million for the quarter, compared to analyst estimates of $22.46 million. As a group, equities analysts predict that Blink Charging will post -0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP boosted its position in 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 purchasing an additional 10,851 shares during the period. Jump Financial LLC bought a new position in Blink Charging in the 2nd quarter worth approximately $60,000. Marshall Wace LLP purchased a new stake in Blink Charging during the 2nd quarter valued at $119,000. XTX Topco Ltd purchased a new position in shares of Blink Charging during the second quarter valued at $384,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Blink Charging by 62.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 61,146 shares of the company's stock valued at $57,000 after purchasing an additional 23,438 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

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.