Blink Charging Co. (NASDAQ:BLNK) Given Average Rating of "Hold" by Analysts

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.47.

Several brokerages recently weighed in on BLNK. Roth Mkm reaffirmed a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. UBS Group reduced their price target on Blink Charging from $1.00 to $0.80 and set a "neutral" rating on the stock 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 reduced their price target on Blink Charging from $2.00 to $1.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Finally, HC Wainwright reduced their price target on Blink Charging from $8.00 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th.

Institutional Investors Weigh In On Blink Charging

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Blink Charging by 19.4% in the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company's stock worth $1,373,000 after acquiring an additional 160,251 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Blink Charging in the fourth quarter worth $57,000. Millennium Management LLC bought a new stake in Blink Charging in the fourth quarter worth $43,000. Barclays PLC boosted its holdings in Blink Charging by 14.0% in the fourth quarter. Barclays PLC now owns 198,075 shares of the company's stock worth $275,000 after acquiring an additional 24,371 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Blink Charging by 14.3% in the fourth 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 in the last quarter. 44.64% of the stock is owned by institutional investors.

Blink Charging Stock Up 5.6%

Shares of BLNK traded up $0.05 during mid-day trading on Friday, hitting $0.97. 2,175,258 shares of the company's stock traded hands, compared to its average volume of 4,295,518. Blink Charging has a 1 year low of $0.63 and a 1 year high of $3.75. The firm has a market capitalization of $99.22 million, a P/E ratio of -0.49 and a beta of 3.22. The business's 50-day moving average price is $0.82 and its 200-day moving average price is $1.01.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted 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 net margin of 184.37% and a negative return on equity of 39.14%. The business had revenue of $20.75 million for the quarter, compared to analysts' expectations of $27.60 million. Sell-side analysts anticipate 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.