Blink Charging Co. (NASDAQ:BLNK) Receives $9.00 Consensus PT from Brokerages

Shares of Blink Charging Co. (NASDAQ:BLNKGet Free Report) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.00.

Several brokerages recently issued reports on BLNK. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Blink Charging in a research note on Friday, March 15th. HC Wainwright lowered their price objective on shares of Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Roth Mkm lowered their price objective on shares of Blink Charging from $25.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Finally, DA Davidson restated a “neutral” rating and set a $5.00 price objective on shares of Blink Charging in a research report on Friday, March 15th.

Get Our Latest Stock Report on BLNK

Blink Charging Trading Down 3.5 %

Shares of BLNK stock opened at $2.48 on Friday. The stock has a market cap of $250.46 million, a P/E ratio of -0.77 and a beta of 2.77. The stock has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $2.97. Blink Charging has a 1 year low of $2.18 and a 1 year high of $8.03.

Blink Charging (NASDAQ:BLNKGet Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.12. The business had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $43.63 million. Blink Charging had a negative return on equity of 29.26% and a negative net margin of 144.88%. Analysts forecast that Blink Charging will post -0.84 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Blink Charging by 112.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock worth $33,000 after buying an additional 5,761 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Blink Charging in the third quarter valued at $34,000. Invesco Ltd. increased its holdings 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 purchasing an additional 568,417 shares during the period. Rafferty Asset Management LLC increased its holdings in Blink Charging by 101.5% in the third quarter. Rafferty Asset Management LLC now owns 62,369 shares of the company’s stock valued at $191,000 after purchasing an additional 31,416 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Blink Charging in the third quarter valued at $146,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

About Blink Charging

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Blink Charging (NASDAQ:BLNK)

Receive News & Ratings for Blink Charging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blink Charging and related companies with MarketBeat.com's FREE daily email newsletter.