Blink Charging (NASDAQ:BLNK) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Blink Charging (BLNK) from "hold" to "sell" and Weiss Ratings reaffirmed a "sell (D-)," while the analyst consensus remains a "Hold" with a $1.95 price target.
• The stock is trading near $0.58 with a 50‑day/200‑day moving average of $0.66/$1.10, a 12‑month range of $0.45–$2.65, a market cap of about $82.7 million and a negative P/E (‑0.47), reflecting weak valuation and price performance.
• Institutional ownership is significant at about 44.6%, and several hedge funds (including Sabby Management, Squarepoint, Virtu and OMERS) added or changed positions in the fourth quarter, indicating active investor repositioning.

Blink Charging (NASDAQ:BLNK - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Blink Charging in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1.95.

Blink Charging Price Performance

Shares of Blink Charging stock opened at $0.58 on Friday. The business has a 50-day moving average of $0.66 and a 200 day moving average of $1.10. Blink Charging has a 12 month low of $0.45 and a 12 month high of $2.65. The stock has a market capitalization of $82.71 million, a price-to-earnings ratio of -0.47 and a beta of 1.83.

Hedge Funds Weigh In On Blink Charging

Several hedge funds have recently added to or reduced their stakes in the stock. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Blink Charging during the 4th quarter worth approximately $30,000. Virtu Financial LLC acquired a new position in shares of Blink Charging in the 4th quarter valued at $141,000. Sabby Management LLC acquired a new position in shares of Blink Charging in the 4th quarter valued at $1,418,000. Squarepoint Ops LLC grew its position in shares of Blink Charging by 296.8% in the 4th quarter. Squarepoint Ops LLC now owns 80,492 shares of the company's stock valued at $54,000 after buying an additional 60,208 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Blink Charging in the 4th quarter valued at $177,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

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