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

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been given an average rating of "Hold" by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.61.

A number of equities research analysts recently weighed in on BLNK shares. UBS Group decreased their price objective on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a report on Thursday, April 17th. Benchmark reduced their price target on shares of Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a report on Tuesday. Stifel Nicolaus reduced their price target on shares of Blink Charging from $3.50 to $2.00 and set a "hold" rating for the company in a report on Wednesday, March 26th. Finally, HC Wainwright reduced their price target on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday.

Blink Charging Trading Up 5.0%

Blink Charging stock opened at $0.75 on Friday. The firm has a 50-day moving average price of $0.82 and a 200-day moving average price of $1.22. The firm has a market capitalization of $76.73 million, a PE ratio of -0.49 and a beta of 3.34. Blink Charging has a 12-month low of $0.63 and a 12-month high of $3.75.

Blink Charging (NASDAQ:BLNK - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. The firm had revenue of $20.75 million during the quarter, compared to the consensus estimate of $27.60 million. As a group, sell-side analysts predict that Blink Charging will post -0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its position in Blink Charging by 20.1% during the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company's stock worth $1,088,000 after purchasing an additional 198,350 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock worth $1,301,000 after purchasing an additional 116,758 shares during the last quarter. AQR Capital Management LLC grew its position 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 purchasing an additional 873,989 shares during the last quarter. Northern Trust Corp grew its position in Blink Charging by 1.7% during the 4th quarter. Northern Trust Corp now owns 794,156 shares of the company's stock worth $1,104,000 after purchasing an additional 13,336 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Blink Charging during the 1st quarter worth approximately $506,000. Hedge funds and other institutional investors 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.

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