Brokerages Set Blink Charging Co. (NASDAQ:BLNK) Target Price at $5.09

Blink Charging Co. (NASDAQ:BLNK) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $5.09.

A number of equities analysts have recently commented on the company. Barclays lowered their price target on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. UBS Group reduced their price target on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Blink Charging

A number of institutional investors have recently added to or reduced their stakes in the business. United Advisor Group LLC bought a new position in shares of Blink Charging during the third quarter valued at $34,000. Intech Investment Management LLC bought a new position in Blink Charging during the 3rd quarter worth $52,000. Charles Schwab Investment Management Inc. lifted 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 worth $1,409,000 after buying an additional 79,969 shares during the period. Swedbank AB grew its position in shares of Blink Charging by 57.0% in the 3rd quarter. Swedbank AB now owns 225,516 shares of the company’s stock valued at $388,000 after buying an additional 81,894 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Blink Charging in the third quarter valued at about $33,000. 44.64% of the stock is owned by institutional investors.

Blink Charging Price Performance

Shares of BLNK opened at $1.04 on Monday. The firm has a 50 day simple moving average of $1.24 and a two-hundred day simple moving average of $1.59. Blink Charging has a one year low of $0.87 and a one year high of $3.75. The company has a market cap of $105.22 million, a P/E ratio of -0.69 and a beta of 2.86.

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.