Stifel Nicolaus Has Lowered Expectations for Blink Charging (NASDAQ:BLNK) Stock Price

Blink Charging (NASDAQ:BLNK - Free Report) had its price target cut by Stifel Nicolaus from $2.00 to $1.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group lowered their target price on shares of Blink Charging from $1.00 to $0.80 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC reissued a "hold" rating on shares of Blink Charging in a research note on Tuesday, May 13th. Barclays decreased their target price on Blink Charging from $3.00 to $1.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Roth Mkm reissued a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Blink Charging in a report on Friday, March 14th. Finally, HC Wainwright reduced their price objective on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Blink Charging currently has a consensus rating of "Hold" and an average target price of $2.47.

Blink Charging Trading Down 1.5%

NASDAQ:BLNK traded down $0.01 during mid-day trading on Tuesday, hitting $0.74. The stock had a trading volume of 1,534,136 shares, compared to its average volume of 4,385,660. The company has a 50 day simple moving average of $0.77 and a 200-day simple moving average of $1.14. The stock has a market capitalization of $75.92 million, a price-to-earnings 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.

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

Institutional Investors Weigh In On Blink Charging

Large investors have recently made changes to their positions in the company. Swedbank AB lifted its position in shares of Blink Charging by 45.2% during the fourth quarter. Swedbank AB now owns 327,552 shares of the company's stock worth $455,000 after purchasing an additional 102,036 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Blink Charging by 14.3% in the 4th 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 boosted its stake in Blink Charging by 59.5% in the 4th quarter. Intech Investment Management LLC now owns 48,569 shares of the company's stock worth $68,000 after purchasing an additional 18,110 shares during the period. American Century Companies Inc. increased its holdings in Blink Charging by 8.4% during the 4th quarter. American Century Companies Inc. now owns 130,783 shares of the company's stock worth $182,000 after purchasing an additional 10,123 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Blink Charging by 30.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 291,675 shares of the company's stock valued at $405,000 after purchasing an additional 68,027 shares during the period. Institutional investors 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.