UBS Group Cuts Blink Charging (NASDAQ:BLNK) Price Target to $1.70

Blink Charging (NASDAQ:BLNK) had its target price lowered by stock analysts at UBS Group from $2.00 to $1.70 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 36.55% from the stock’s current price.

Other analysts have also issued reports about the company. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

Blink Charging Stock Down 4.2 %

NASDAQ:BLNK traded down $0.06 during trading hours on Monday, hitting $1.25. 2,035,627 shares of the stock were exchanged, compared to its average volume of 4,486,017. The company’s 50 day moving average is $1.54 and its two-hundred day moving average is $1.96. The company has a market capitalization of $125.97 million, a P/E ratio of -0.82 and a beta of 2.61. Blink Charging has a twelve month low of $1.22 and a twelve month high of $3.75.

Institutional Investors Weigh In On Blink Charging

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in shares of Blink Charging during the 2nd quarter valued at about $29,000. DRW Securities LLC acquired a new stake in Blink Charging during the 3rd quarter worth approximately $33,000. United Advisor Group LLC acquired a new position in shares of Blink Charging in the third quarter valued at approximately $34,000. Verition Fund Management LLC bought a new stake in shares of Blink Charging during the third quarter worth $48,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Blink Charging during the third quarter worth $52,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.