UBS Group Has Lowered Expectations for Blink Charging (NASDAQ:BLNK) Stock Price

Blink Charging (NASDAQ:BLNK - Get Free Report) had its target price dropped by equities researchers at UBS Group from $2.00 to $1.70 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 38.21% from the company's current price.

Several other research analysts also recently weighed in on BLNK. Needham & Company LLC restated a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. Benchmark restated a "buy" rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.60.

Blink Charging Trading Down 5.4 %

NASDAQ BLNK traded down $0.07 during trading hours on Monday, hitting $1.23. 5,319,984 shares of the company's stock were exchanged, compared to its average volume of 4,714,648. The firm has a market cap of $124.45 million, a price-to-earnings ratio of -0.81 and a beta of 2.61. The stock has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.94. Blink Charging has a 1-year low of $1.20 and a 1-year high of $3.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BLNK. Geode Capital Management LLC increased its stake in Blink Charging by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock worth $3,982,000 after purchasing an additional 222,949 shares during the period. Stifel Financial Corp grew its holdings in shares of Blink Charging by 14.7% in the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company's stock worth $2,419,000 after purchasing an additional 180,027 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Blink Charging by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company's stock worth $1,409,000 after buying an additional 79,969 shares during the period. AQR Capital Management LLC boosted its position in Blink Charging by 224.9% during the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company's stock valued at $2,206,000 after buying an additional 557,336 shares during the period. Finally, Swedbank AB grew its holdings in Blink Charging by 45.2% in the 4th quarter. Swedbank AB now owns 327,552 shares of the company's stock worth $455,000 after acquiring an additional 102,036 shares during 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.