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

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.64.

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a research note on Wednesday. Benchmark restated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th. Finally, UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.00 to $2.00 in a report on Thursday, November 14th.

Blink Charging Stock Performance

NASDAQ BLNK opened at $1.47 on Friday. The firm’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $2.03. Blink Charging has a 1 year low of $1.38 and a 1 year high of $3.75. The firm has a market capitalization of $148.73 million, a P/E ratio of -0.97 and a beta of 2.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC bought a new position in Blink Charging in the 2nd quarter valued at approximately $29,000. Principal Financial Group Inc. acquired a new stake in shares of Blink Charging during the second quarter valued at about $30,000. Victory Capital Management Inc. acquired a new position in shares of Blink Charging in the second quarter valued at approximately $33,000. DRW Securities LLC acquired a new stake in Blink Charging during the 3rd quarter worth approximately $33,000. Finally, United Advisor Group LLC acquired a new position in Blink Charging in the 3rd quarter valued at approximately $34,000. Institutional investors own 44.64% of the company’s stock.

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.