Blink Charging Co. (NASDAQ:BLNK) Given Average Recommendation of “Moderate Buy” by Brokerages

Blink Charging Co. (NASDAQ:BLNK) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.58.

BLNK has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $4.00 target price on shares of Blink Charging in a research note on Thursday, May 16th. UBS Group cut their price objective on Blink Charging from $7.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Needham & Company LLC cut their price target on shares of Blink Charging from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, B. Riley upgraded shares of Blink Charging to a “hold” rating in a report on Tuesday, June 25th.

Blink Charging Stock Up 2.2 %

Shares of BLNK opened at $3.26 on Friday. Blink Charging has a 52-week low of $2.18 and a 52-week high of $7.25. The company has a market cap of $329.46 million, a PE ratio of -1.14 and a beta of 2.73. The business has a fifty day moving average of $3.07 and a 200 day moving average of $2.88.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.10. The firm had revenue of $37.57 million during the quarter, compared to analyst estimates of $33.74 million. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. As a group, research analysts anticipate that Blink Charging will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Blink Charging

Several institutional investors and hedge funds have recently made changes to their positions in BLNK. RWQ Financial Management Services Inc. purchased a new position in Blink Charging during the 4th quarter valued at about $93,000. Arkadios Wealth Advisors bought a new position in Blink Charging in the fourth quarter worth approximately $116,000. Stratos Wealth Partners LTD. purchased a new stake in Blink Charging during the fourth quarter worth $37,000. Bristlecone Advisors LLC bought a new stake in Blink Charging during the 4th quarter valued at $209,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Blink Charging by 105.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,378 shares of the company’s stock valued at $62,000 after acquiring an additional 9,438 shares during the period. 44.64% of the stock is currently 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.