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

Key Points

• Analysts' consensus is "Hold": Six firms cover Blink Charging with one sell, four holds and one buy, and the average 12‑month price target is about $2.33.
• Valuation and trading: Shares opened at roughly $0.73 with a market cap near $105 million, a negative PE (‑0.93), and a 52‑week range of $0.45 to $2.65 (50‑day SMA $0.65; 200‑day SMA $0.96).
• Institutional activity: About 44.64% of the stock is held by institutions, and several funds recently increased or initiated small positions in Blink Charging.

Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $2.3333.

A number of research firms have issued reports on BLNK. Wall Street Zen downgraded shares of Blink Charging from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Blink Charging in a report on Friday, January 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company's stock valued at $28,000 after buying an additional 10,851 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Blink Charging by 60.5% in the 4th quarter. Kestra Advisory Services LLC now owns 50,248 shares of the company's stock valued at $34,000 after buying an additional 18,950 shares during the last quarter. R Squared Ltd acquired a new position in Blink Charging in the 3rd quarter valued at $31,000. Squarepoint Ops LLC acquired a new position in Blink Charging in the 3rd quarter valued at $33,000. Finally, Ethic Inc. acquired a new position in Blink Charging in the 3rd quarter valued at $35,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Performance

Shares of NASDAQ:BLNK opened at $0.73 on Friday. The company has a market cap of $104.79 million, a PE ratio of -0.93 and a beta of 1.99. Blink Charging has a 52 week low of $0.45 and a 52 week high of $2.65. The firm has a 50 day simple moving average of $0.65 and a 200 day simple moving average of $0.96.

About Blink Charging

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.