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

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned an average recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $2.61.

Several analysts recently issued reports on BLNK shares. Barclays dropped their price objective 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. UBS Group dropped their price objective on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Blink Charging in a research note on Tuesday, May 13th. Stifel Nicolaus dropped their price objective on shares of Blink Charging from $3.50 to $2.00 and set a "hold" rating for the company in a research note on Wednesday, March 26th. Finally, HC Wainwright decreased their target price on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th.

Hedge Funds Weigh In On Blink Charging

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Blink Charging by 19.4% in the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company's stock worth $1,373,000 after acquiring an additional 160,251 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Blink Charging in the 4th quarter worth approximately $57,000. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 122,367 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 116,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Blink Charging in the 4th quarter worth approximately $79,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Performance

Shares of BLNK stock traded down $0.01 on Friday, reaching $0.70. 1,775,724 shares of the company were exchanged, compared to its average volume of 4,409,878. Blink Charging has a 1 year low of $0.63 and a 1 year high of $3.75. The company has a market cap of $72.35 million, a price-to-earnings ratio of -0.47 and a beta of 3.34. The business has a 50-day moving average price of $0.80 and a 200 day moving average price of $1.18.

Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its quarterly earnings data 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 net margin of 104.02% and a negative return on equity of 25.50%. The business had revenue of $20.75 million for the quarter, compared to analysts' expectations of $27.60 million. As a group, equities analysts anticipate that Blink Charging will post -0.64 earnings per share for the current year.

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.