Blink Charging Co. (NASDAQ:BLNK) Receives $2.47 Average Price Target from Analysts

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been given an average recommendation of "Hold" by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $2.47.

A number of brokerages have commented on BLNK. Roth Mkm reissued a "buy" rating and issued a $3.00 price objective (down from $4.00) on shares of Blink Charging in a research report on Friday, March 14th. Benchmark dropped their price objective on shares of Blink Charging from $5.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Needham & Company LLC reissued a "hold" rating on shares of Blink Charging in a research report on Tuesday, May 13th. Stifel Nicolaus dropped 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 report on Tuesday, May 27th. Finally, UBS Group dropped their price objective on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BLNK. AQR Capital Management LLC boosted its holdings in shares of Blink Charging by 8,386.8% in the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company's stock valued at $812,000 after buying an additional 873,989 shares in the last quarter. Nuveen LLC acquired a new position in shares of Blink Charging in the 1st quarter valued at $506,000. Man Group plc acquired a new position in shares of Blink Charging in the 4th quarter valued at $626,000. Larson Financial Group LLC acquired a new position in shares of Blink Charging in the 1st quarter valued at $324,000. Finally, Invesco Ltd. boosted 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 in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

Blink Charging Trading Up 8.8%

BLNK traded up $0.08 during trading hours on Friday, hitting $1.02. 3,526,192 shares of the company's stock were exchanged, compared to its average volume of 4,291,764. Blink Charging has a 12-month low of $0.63 and a 12-month high of $3.75. The firm has a 50 day moving average of $0.84 and a 200 day moving average of $1.00. The firm has a market cap of $104.77 million, a P/E ratio of -0.51 and a beta of 3.22.

Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative return on equity of 39.14% and a negative net margin of 184.37%. The business had revenue of $20.75 million for the quarter, compared to analysts' expectations of $27.60 million. As a group, research analysts expect that Blink Charging will post -0.64 EPS for the current fiscal 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.