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

Key Points

• Analysts give Blink Charging a consensus rating of Hold from nine firms (1 sell, 5 hold, 3 buy) with an average 12‑month target price of $2.13.
• Independent Weiss Ratings reissued a sell (D-) rating on Blink, indicating notable divergence from the broader analyst consensus.
• Blink opened near $0.66 (down 3.7%), has a market cap of $75.3 million, a negative P/E, and a 52‑week range of $0.63–$2.65.

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned a consensus rating of "Hold" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.1333.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Blink Charging in a research report on Friday, January 9th.

Institutional Trading of Blink Charging

A number of institutional investors and hedge funds have recently modified their holdings of BLNK. Engineers Gate Manager LP lifted its position in shares of Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company's stock worth $28,000 after buying an additional 10,851 shares during the last quarter. State of Wyoming bought a new stake in shares of Blink Charging during the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Blink Charging during the 3rd quarter valued at about $31,000. Squarepoint Ops LLC acquired a new stake in Blink Charging during the third quarter worth about $33,000. Finally, Kestra Advisory Services LLC raised its stake in Blink Charging by 60.5% during the fourth quarter. Kestra Advisory Services LLC now owns 50,248 shares of the company's stock worth $34,000 after acquiring an additional 18,950 shares during the period. 44.64% of the stock is owned by institutional investors and hedge funds.

Blink Charging Stock Down 3.7%

NASDAQ:BLNK opened at $0.66 on Friday. The company has a market cap of $75.30 million, a PE ratio of -0.53 and a beta of 1.85. The business's 50 day moving average is $0.74 and its two-hundred day moving average is $1.16. Blink Charging has a 52 week low of $0.63 and a 52 week high of $2.65.

Blink Charging Company Profile

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink's product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.

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