HC Wainwright Cuts Blink Charging (NASDAQ:BLNK) Price Target to $5.00

Blink Charging (NASDAQ:BLNK - Get Free Report) had its price objective decreased by equities researchers at HC Wainwright from $8.00 to $5.00 in a research note issued on Wednesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright also issued estimates for Blink Charging's Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.65) EPS, FY2026 earnings at ($0.53) EPS, FY2027 earnings at ($0.18) EPS, FY2028 earnings at ($0.01) EPS and FY2029 earnings at $0.09 EPS.

A number of other research firms have also weighed in on BLNK. Roth Mkm reiterated a "buy" rating and issued a $3.00 target price (down previously from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Barclays cut their target price on Blink Charging from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus cut their target price on Blink Charging from $3.50 to $2.00 and set a "hold" rating on the stock in a research note on Wednesday, March 26th. Needham & Company LLC reissued a "hold" rating on shares of Blink Charging in a report on Tuesday. Finally, Benchmark lowered their price target on Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a report on Friday, March 14th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2.61.

Blink Charging Stock Performance

Shares of BLNK traded up $0.04 during mid-day trading on Wednesday, hitting $0.75. 2,560,093 shares of the stock were exchanged, compared to its average volume of 4,478,747. The company has a market cap of $76.73 million, a PE ratio of -0.49 and a beta of 3.34. Blink Charging has a 52-week low of $0.63 and a 52-week high of $3.75. The firm has a 50-day moving average of $0.82 and a two-hundred day moving average of $1.22.

Blink Charging (NASDAQ:BLNK - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The company had revenue of $20.75 million during the quarter, compared to the consensus estimate of $27.60 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. On average, sell-side analysts predict that Blink Charging will post -0.64 EPS for the current year.

Institutional Investors Weigh In On Blink Charging

A number of institutional investors and hedge funds have recently modified their holdings of BLNK. Barclays PLC lifted its holdings in shares of Blink Charging by 238.4% during the third quarter. Barclays PLC now owns 173,704 shares of the company's stock worth $299,000 after purchasing an additional 122,367 shares during the period. Swedbank AB raised its position in Blink Charging by 45.2% during the fourth quarter. Swedbank AB now owns 327,552 shares of the company's stock valued at $455,000 after acquiring an additional 102,036 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Blink Charging by 14.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company's stock valued at $1,301,000 after acquiring an additional 116,758 shares in the last quarter. Intech Investment Management LLC raised its position in Blink Charging by 59.5% during the fourth quarter. Intech Investment Management LLC now owns 48,569 shares of the company's stock valued at $68,000 after acquiring an additional 18,110 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Blink Charging by 8.4% during the 4th quarter. American Century Companies Inc. now owns 130,783 shares of the company's stock valued at $182,000 after buying an additional 10,123 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

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.