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

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.09.

BLNK has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Barclays decreased their price target on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, UBS Group reduced their target price on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Blink Charging Trading Down 1.7 %

Shares of Blink Charging stock opened at $1.15 on Thursday. The company has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.84. Blink Charging has a 12-month low of $1.14 and a 12-month high of $3.75. The stock has a market cap of $116.36 million, a price-to-earnings ratio of -0.76 and a beta of 2.59.

Hedge Funds Weigh In On Blink Charging

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after acquiring an additional 222,949 shares in the last quarter. Stifel Financial Corp increased its holdings in Blink Charging by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock valued at $2,419,000 after acquiring an additional 180,027 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Blink Charging by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after acquiring an additional 79,969 shares in the last quarter. AQR Capital Management LLC increased its holdings in Blink Charging by 224.9% during the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after acquiring an additional 557,336 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Blink Charging by 45.2% during the fourth quarter. Swedbank AB now owns 327,552 shares of the company’s stock worth $455,000 after buying an additional 102,036 shares in the last quarter. Hedge funds and other 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.