Stifel Nicolaus Reaffirms Hold Rating for Blink Charging (NASDAQ:BLNK)

Stifel Nicolaus restated their hold rating on shares of Blink Charging (NASDAQ:BLNKFree Report) in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a $4.00 target price on the stock.

BLNK has been the subject of several other reports. Roth Mkm lowered their price target on shares of Blink Charging from $25.00 to $12.00 and set a buy rating for the company in a report on Friday, March 15th. Needham & Company LLC lowered their price target on shares of Blink Charging from $7.00 to $5.00 and set a buy rating for the company in a report on Friday, May 10th. HC Wainwright lowered their price target on shares of Blink Charging from $25.00 to $15.00 and set a buy rating for the company in a report on Monday, March 18th. Finally, DA Davidson reiterated a neutral rating and set a $5.00 price target on shares of Blink Charging in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $7.86.

Read Our Latest Report on Blink Charging

Blink Charging Price Performance

NASDAQ BLNK opened at $3.29 on Thursday. The business has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $2.94. Blink Charging has a fifty-two week low of $2.18 and a fifty-two week high of $7.70. The stock has a market capitalization of $332.26 million, a PE ratio of -1.15 and a beta of 2.82.

Blink Charging (NASDAQ:BLNKGet Free Report) last released its earnings results on Thursday, March 14th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.12. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. The firm had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $43.63 million. As a group, sell-side analysts expect that Blink Charging will post -0.56 earnings per share for the current year.

Institutional Trading of Blink Charging

A number of institutional investors and hedge funds have recently bought and sold shares of BLNK. Vanguard Group Inc. boosted its position in Blink Charging by 12.6% during the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock valued at $9,809,000 after acquiring an additional 365,098 shares during the last quarter. Invesco Ltd. boosted its position in Blink Charging by 35.8% during the third quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock valued at $6,601,000 after acquiring an additional 568,417 shares during the last quarter. Stifel Financial Corp boosted its position in Blink Charging by 39.0% during the third quarter. Stifel Financial Corp now owns 890,505 shares of the company’s stock valued at $2,725,000 after acquiring an additional 249,810 shares during the last quarter. Quadrature Capital Ltd boosted its position in Blink Charging by 861.1% during the fourth quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock valued at $1,558,000 after acquiring an additional 411,763 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Blink Charging by 179.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 252,246 shares of the company’s stock valued at $855,000 after acquiring an additional 162,109 shares during the last quarter. 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.

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Analyst Recommendations for Blink Charging (NASDAQ:BLNK)

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