Intech Investment Management LLC Has $68,000 Holdings in Blink Charging Co. (NASDAQ:BLNK)

Intech Investment Management LLC grew its position in Blink Charging Co. (NASDAQ:BLNK) by 59.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,569 shares of the company’s stock after purchasing an additional 18,110 shares during the quarter. Intech Investment Management LLC’s holdings in Blink Charging were worth $68,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Blink Charging by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after purchasing an additional 79,969 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Blink Charging by 8.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company’s stock valued at $200,000 after acquiring an additional 9,551 shares during the period. Verition Fund Management LLC acquired a new position in shares of Blink Charging in the third quarter valued at about $48,000. Quadrature Capital Ltd bought a new position in Blink Charging during the third quarter worth about $213,000. Finally, Stifel Financial Corp raised its stake in Blink Charging by 14.7% in the 3rd 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 in the last quarter. Institutional investors own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLNK. HC Wainwright restated a “buy” rating and set a $8.00 target price on shares of Blink Charging in a research report on Friday, March 14th. Barclays lowered their price objective on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus reduced their target price on Blink Charging from $3.50 to $2.00 and set a “hold” rating on the stock in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $3.00 price target (down previously from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Finally, Benchmark reduced their price objective on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Blink Charging currently has a consensus rating of “Hold” and an average target price of $3.17.

Blink Charging Trading Down 0.3 %

Shares of NASDAQ BLNK opened at $0.94 on Friday. The stock has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.50. Blink Charging Co. has a 12 month low of $0.87 and a 12 month high of $3.75. The company has a market cap of $94.69 million, a price-to-earnings ratio of -0.62 and a beta of 2.86.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03. The business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The firm’s revenue was down 29.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) EPS. On average, sell-side analysts predict that Blink Charging Co. will post -0.64 earnings per share for the current year.

About Blink Charging

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.