UBS Group Cuts Blink Charging (NASDAQ:BLNK) Price Target to $4.50

Blink Charging (NASDAQ:BLNK - Get Free Report) had its price objective decreased by stock analysts at UBS Group from $7.00 to $4.50 in a report released on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 45.63% from the company's previous close.

BLNK has been the topic of a number of other research reports. Roth Mkm dropped their price objective on shares of Blink Charging from $25.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, March 15th. Needham & Company LLC dropped their target price on Blink Charging from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 10th. DA Davidson restated a "neutral" rating and set a $5.00 price target on shares of Blink Charging in a report on Friday, March 15th. Stifel Nicolaus reiterated a "hold" rating and issued a $4.00 price objective on shares of Blink Charging in a research report on Thursday, May 16th. Finally, HC Wainwright reduced their target price on Blink Charging from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.50.

Blink Charging Stock Down 1.0 %

Shares of NASDAQ BLNK traded down $0.03 during mid-day trading on Tuesday, reaching $3.09. 4,134,028 shares of the company were exchanged, compared to its average volume of 6,768,843. Blink Charging has a 1 year low of $2.18 and a 1 year high of $7.70. The stock has a market cap of $312.06 million, a price-to-earnings ratio of -1.08 and a beta of 2.82. The firm has a 50-day moving average of $2.76 and a 200 day moving average of $2.95.

Blink Charging (NASDAQ:BLNK - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.28) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.12. The business had revenue of $42.71 million for the quarter, compared to analyst estimates of $43.63 million. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. On average, equities analysts forecast that Blink Charging will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Blink Charging

Several hedge funds and other institutional investors have recently bought and sold shares of BLNK. Invesco Ltd. boosted its stake in Blink Charging by 35.8% in the third quarter. Invesco Ltd. now owns 2,157,046 shares of the company's stock valued at $6,601,000 after acquiring an additional 568,417 shares during the period. Quadrature Capital Ltd boosted its position in Blink Charging by 861.1% during the 4th quarter. Quadrature Capital Ltd now owns 459,583 shares of the company's stock valued at $1,558,000 after purchasing an additional 411,763 shares during the period. Vanguard Group Inc. grew its stake in Blink Charging by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company's stock worth $9,809,000 after buying an additional 365,098 shares during the last quarter. Stifel Financial Corp increased its position in Blink Charging by 39.0% in the third quarter. Stifel Financial Corp now owns 890,505 shares of the company's stock worth $2,725,000 after buying an additional 249,810 shares during the period. Finally, Swedbank AB bought a new stake in Blink Charging in the first quarter valued at $490,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.