Blink Charging’s (BLNK) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Blink Charging (NASDAQ:BLNK) in a report published on Friday morning,Benzinga reports. HC Wainwright currently has a $8.00 price target on the stock.

Several other brokerages also recently commented on BLNK. Needham & Company LLC reiterated a “hold” rating on shares of Blink Charging in a report on Friday. Barclays reduced their price objective on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group reduced their price objective on Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.59.

Blink Charging Stock Up 6.0 %

Shares of BLNK stock opened at $0.95 on Friday. Blink Charging has a 12 month low of $0.87 and a 12 month high of $3.75. The business’s 50 day moving average is $1.19 and its two-hundred day moving average is $1.56. The company has a market cap of $96.54 million, a PE ratio of -0.63 and a beta of 2.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLNK. DRW Securities LLC bought a new position in Blink Charging in the third quarter worth $33,000. Millennium Management LLC bought a new position in Blink Charging in the fourth quarter worth $43,000. Verition Fund Management LLC bought a new position in Blink Charging in the third quarter worth $48,000. Intech Investment Management LLC bought a new position in Blink Charging in the third quarter worth $52,000. Finally, Cubist Systematic Strategies LLC bought a new position in Blink Charging in the fourth quarter worth $57,000. 44.64% of the stock is owned by institutional investors.

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.