Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of "Hold" from Analysts

Key Points

• Blink Charging Co. (NASDAQ:BLNK) has a consensus recommendation of "Hold" from eight research firms, with one sell, four hold, and three buy ratings.
• The company's stock price objective is currently set at an average of $2.1333, reflecting recent analyst reviews that range from $1.00 to $5.00.
• Blink Charging reported earnings of ($0.26) per share in its last quarterly results, missing the consensus estimate, while its revenue for the quarter was $28.67 million.

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.1333.

Several research analysts recently weighed in on BLNK shares. Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a research report on Tuesday, August 19th. Weiss Ratings restated a "sell (e+)" rating on shares of Blink Charging in a research report on Saturday, September 27th. Barclays dropped their price objective on shares of Blink Charging from $1.50 to $1.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Finally, HC Wainwright restated a "buy" rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, August 19th.

Institutional Trading of Blink Charging

A number of institutional investors have recently bought and sold shares of BLNK. AQR Capital Management LLC grew its holdings in Blink Charging by 8,386.8% during the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company's stock worth $812,000 after acquiring an additional 873,989 shares during the period. Nuveen LLC acquired a new stake in Blink Charging during the 1st quarter worth $506,000. XTX Topco Ltd acquired a new stake in Blink Charging during the 2nd quarter worth $384,000. Larson Financial Group LLC acquired a new position in shares of Blink Charging in the 1st quarter valued at $324,000. Finally, Invesco Ltd. grew its holdings in shares of Blink Charging by 20.1% in the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company's stock valued at $1,088,000 after buying an additional 198,350 shares during the period. Institutional investors and hedge funds own 44.64% of the company's stock.

Blink Charging Price Performance

BLNK stock opened at $2.23 on Tuesday. The company has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.03. Blink Charging has a fifty-two week low of $0.63 and a fifty-two week high of $2.65. The stock has a market capitalization of $233.50 million, a PE ratio of -1.06 and a beta of 3.54.

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

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