Blink Charging Co. (NASDAQ:BLNK) Given Consensus Rating of “Hold” by Brokerages

Blink Charging Co. (NASDAQ:BLNK) has received an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.64.

Several research analysts recently weighed in on the company. UBS Group lowered Blink Charging from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.00 to $2.00 in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. HC Wainwright dropped their price target on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, Needham & Company LLC downgraded Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Insider Activity

In related news, Director Kristina A. Peterson sold 24,077 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack Levine bought 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the acquisition, the director now owns 175,718 shares of the company’s stock, valued at approximately $298,720.60. This trade represents a 12.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Blink Charging

A number of large investors have recently bought and sold shares of BLNK. Cetera Advisors LLC boosted its holdings in shares of Blink Charging by 36.1% in the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after acquiring an additional 3,673 shares in the last quarter. CWM LLC increased its position in Blink Charging by 60.2% during the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after purchasing an additional 5,834 shares during the period. SG Americas Securities LLC raised its stake in shares of Blink Charging by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock worth $79,000 after buying an additional 8,668 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Blink Charging by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock valued at $215,000 after buying an additional 8,955 shares during the period. Finally, BCGM Wealth Management LLC purchased a new stake in shares of Blink Charging in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Blink Charging Price Performance

Blink Charging stock opened at $1.56 on Friday. The firm has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $2.41. The stock has a market cap of $157.83 million, a price-to-earnings ratio of -1.05 and a beta of 2.65. Blink Charging has a 1-year low of $1.48 and a 1-year high of $4.48.

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.