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

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.00.

Several brokerages recently commented on BLNK. DA Davidson reissued a “neutral” rating and set a $5.00 price objective on shares of Blink Charging in a research report on Friday, March 15th. Roth Mkm dropped their price target 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 restated a “buy” rating and set a $7.00 price objective on shares of Blink Charging in a research report on Wednesday, April 17th. Finally, HC Wainwright dropped their price target on Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, March 18th.

Institutional Trading of Blink Charging

Several large investors have recently made changes to their positions in the company. Headlands Technologies LLC lifted its stake in Blink Charging by 731.7% during the 1st quarter. Headlands Technologies LLC now owns 18,887 shares of the company’s stock worth $57,000 after acquiring an additional 16,616 shares in the last quarter. SG Americas Securities LLC raised its position in Blink Charging by 48.9% in the 1st quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock valued at $79,000 after purchasing an additional 8,668 shares during the last quarter. BNP Paribas Financial Markets increased its position in Blink Charging by 36.3% in the 1st quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock valued at $119,000 after acquiring an additional 10,554 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Blink Charging during the first quarter worth $48,000. Finally, Arkadios Wealth Advisors lifted its position 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 purchasing an additional 8,472 shares during the period. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

Blink Charging Stock Down 2.1 %

Blink Charging stock opened at $2.84 on Tuesday. The company has a market capitalization of $286.81 million, a PE ratio of -0.88 and a beta of 2.82. Blink Charging has a twelve month low of $2.18 and a twelve month high of $7.70. The firm has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $2.90.

Blink Charging (NASDAQ:BLNK) last posted its 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. Blink Charging had a negative return on equity of 29.26% and a negative net margin of 144.88%. The firm had revenue of $42.71 million for the quarter, compared to analysts’ expectations of $43.63 million. As a group, equities analysts expect that Blink Charging will post -0.78 earnings per share for the current fiscal year.

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.