Blink Charging (NASDAQ:BLNK) Stock Rating Upgraded by Zacks Research

Key Points

• Blink Charging has received an upgrade from Zacks Research, changing its rating from "strong sell" to "hold."
• The stock has seen mixed ratings from analysts, with three recommending "buy," five suggesting "hold," and one advising "sell," giving it a consensus rating of "hold."
• In its last earnings report, Blink Charging reported a net loss and missed earnings expectations, but achieved higher revenue than analysts had predicted.

Blink Charging (NASDAQ:BLNK - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a report on Tuesday, August 19th. HC Wainwright restated a "buy" rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, August 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Blink Charging in a report on Tuesday, October 14th. Finally, Barclays lowered their price target on Blink Charging from $1.50 to $1.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Blink Charging currently has a consensus rating of "Hold" and a consensus price target of $2.13.

Blink Charging Trading Down 6.3%

Shares of BLNK stock opened at $1.77 on Monday. The company has a market capitalization of $185.34 million, a price-to-earnings ratio of -0.84 and a beta of 3.54. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.07. Blink Charging has a twelve month low of $0.63 and a twelve month high of $2.65.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $28.67 million during the quarter, compared to analysts' expectations of $22.46 million. Blink Charging had a negative net margin of 203.81% and a negative return on equity of 63.06%. As a group, research analysts predict that Blink Charging will post -0.64 earnings per share for the current year.

Institutional Trading of Blink Charging

Institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its position in Blink Charging by 20.1% during the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company's stock worth $1,088,000 after acquiring an additional 198,350 shares in the last quarter. AQR Capital Management LLC lifted its position in Blink Charging by 8,386.8% during the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company's stock worth $812,000 after acquiring an additional 873,989 shares in the last quarter. Nuveen LLC acquired a new position in Blink Charging during the 1st quarter worth approximately $506,000. XTX Topco Ltd acquired a new position in Blink Charging during the 2nd quarter worth approximately $384,000. Finally, Swedbank AB lifted its position in Blink Charging by 19.7% during the 1st quarter. Swedbank AB now owns 391,978 shares of the company's stock worth $360,000 after acquiring an additional 64,426 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

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.

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