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

Blink Charging Co. (NASDAQ:BLNK) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.64.

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

Blink Charging Stock Up 1.9 %

Blink Charging stock opened at $1.59 on Friday. The business’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $2.39. The stock has a market cap of $160.88 million, a price-to-earnings ratio of -1.09 and a beta of 2.65. Blink Charging has a 12-month low of $1.48 and a 12-month high of $4.48.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $1.70 per share, with a total value of $34,000.00. Following the completion of the transaction, the director now directly owns 175,718 shares in the company, valued at $298,720.60. This trade represents a 12.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristina A. Peterson sold 24,077 shares of the firm’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 disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Blink Charging

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of Blink Charging by 36.3% during the first quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock worth $119,000 after buying an additional 10,554 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Blink Charging by 48.9% during the first 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. Vanguard Group Inc. grew its holdings in shares of Blink Charging by 12.6% during the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after buying an additional 365,098 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Blink Charging by 14.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock worth $215,000 after buying an additional 8,955 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Blink Charging by 20.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,171 shares of the company’s stock worth $236,000 after buying an additional 13,402 shares in the last quarter. Institutional investors and hedge funds 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.