Larson Financial Group LLC Acquires New Shares in Blink Charging Co. (NASDAQ:BLNK)

Larson Financial Group LLC purchased a new stake in Blink Charging Co. (NASDAQ:BLNK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 353,005 shares of the company's stock, valued at approximately $324,000. Larson Financial Group LLC owned 0.34% of Blink Charging at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in Blink Charging by 2,609.3% during the 1st quarter. CWM LLC now owns 46,492 shares of the company's stock worth $43,000 after acquiring an additional 44,776 shares during the period. Cerity Partners LLC acquired a new stake in Blink Charging during the 1st quarter worth about $30,000. Bank of New York Mellon Corp lifted its position in Blink Charging by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 247,250 shares of the company's stock worth $227,000 after acquiring an additional 14,625 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Blink Charging during the 1st quarter worth about $30,000. Finally, Two Sigma Investments LP acquired a new stake in Blink Charging during the 4th quarter worth about $107,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLNK has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on Blink Charging from $2.00 to $1.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. HC Wainwright decreased their price objective on Blink Charging from $8.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. UBS Group decreased their price objective on Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Blink Charging in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Blink Charging has a consensus rating of "Hold" and a consensus target price of $2.47.

Blink Charging Trading Up 9.1%

NASDAQ:BLNK traded up $0.09 during trading hours on Friday, hitting $1.05. 4,060,844 shares of the stock were exchanged, compared to its average volume of 4,206,497. Blink Charging Co. has a 52-week low of $0.63 and a 52-week high of $3.52. The firm's fifty day moving average price is $0.87 and its 200 day moving average price is $0.98. The company has a market cap of $107.86 million, a P/E ratio of -0.53 and a beta of 3.22.

Blink Charging (NASDAQ:BLNK - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $20.75 million for the quarter, compared to analyst estimates of $27.60 million. Blink Charging had a negative return on equity of 39.14% and a negative net margin of 184.37%. Equities analysts expect that Blink Charging Co. will post -0.64 EPS for the current fiscal year.

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.