B. Riley Comments on Blink Charging Co.’s FY2025 Earnings (NASDAQ:BLNK)

Blink Charging Co. (NASDAQ:BLNK) – Research analysts at B. Riley issued their FY2025 earnings per share estimates for Blink Charging in a research note issued to investors on Tuesday, April 30th. B. Riley analyst C. Souther expects that the company will post earnings per share of ($0.36) for the year. The consensus estimate for Blink Charging’s current full-year earnings is ($0.84) per share.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, beating 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 29.26% and a negative net margin of 144.88%.

Other analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $7.00 target price on shares of Blink Charging in a research report on Wednesday, April 17th. DA Davidson restated a “neutral” rating and set a $5.00 price objective on shares of Blink Charging in a report on Friday, March 15th. Roth Mkm dropped their target price on Blink Charging from $25.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Finally, HC Wainwright decreased their price target on Blink Charging from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.00.

Blink Charging Price Performance

Shares of NASDAQ BLNK opened at $3.04 on Friday. The company has a 50-day simple moving average of $2.76 and a 200-day simple moving average of $2.90. The company has a market cap of $307.01 million, a PE ratio of -0.94 and a beta of 2.82. Blink Charging has a 12 month low of $2.18 and a 12 month high of $7.70.

Institutional Trading of Blink Charging

A number of institutional investors and hedge funds have recently made changes to their positions in BLNK. BNP Paribas Financial Markets increased its stake in Blink Charging by 36.3% during the first quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock worth $119,000 after acquiring an additional 10,554 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Blink Charging during the 1st quarter worth approximately $48,000. Arkadios Wealth Advisors raised its holdings in Blink Charging by 24.8% in the first quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock valued at $128,000 after buying an additional 8,472 shares during the period. PFG Investments LLC acquired a new position in Blink Charging during the first quarter valued at approximately $53,000. Finally, Quadrature Capital Ltd grew its stake in Blink Charging by 861.1% during the fourth quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock worth $1,558,000 after buying an additional 411,763 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.