Meridian Wealth Management LLC Sells 21,961 Shares of Blink Charging Co. (NASDAQ:BLNK)

Meridian Wealth Management LLC lowered its holdings in Blink Charging Co. (NASDAQ:BLNK) by 29.5% in the 4th quarter, HoldingsChannel reports. The firm owned 52,455 shares of the company’s stock after selling 21,961 shares during the quarter. Meridian Wealth Management LLC’s holdings in Blink Charging were worth $73,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BLNK. Geode Capital Management LLC raised its holdings in shares of Blink Charging by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after purchasing an additional 222,949 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Blink Charging by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock valued at $2,419,000 after purchasing an additional 180,027 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Blink Charging in the 3rd quarter valued at about $213,000. Barclays PLC raised its holdings in shares of Blink Charging by 238.4% in the 3rd quarter. Barclays PLC now owns 173,704 shares of the company’s stock valued at $299,000 after purchasing an additional 122,367 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Blink Charging by 45.2% in the 4th quarter. Swedbank AB now owns 327,552 shares of the company’s stock valued at $455,000 after purchasing an additional 102,036 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Monday, January 27th. Barclays reduced their price objective 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, February 4th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Finally, Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.09.

Blink Charging Trading Up 8.2 %

NASDAQ:BLNK opened at $1.06 on Friday. The company has a market cap of $107.25 million, a PE ratio of -0.70 and a beta of 2.86. Blink Charging Co. has a twelve month low of $0.87 and a twelve month high of $3.75. The company’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.61.

Blink Charging 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.