Brokerages Set Blink Charging Co. (NASDAQ:BLNK) PT at $2.13

Shares of Blink Charging Co. (NASDAQ:BLNK) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $2.1333.

BLNK has been the topic of several research analyst reports. Zacks Research upgraded Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price target on shares of Blink Charging in a report on Tuesday, August 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a research report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blink Charging in a report on Tuesday, October 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in Blink Charging by 20.1% in the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company’s stock valued at $1,088,000 after purchasing an additional 198,350 shares during the period. Nuveen LLC acquired a new stake in shares of Blink Charging during the first quarter worth $506,000. Bank of New York Mellon Corp boosted its position in shares of Blink Charging by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 247,250 shares of the company’s stock valued at $227,000 after acquiring an additional 14,625 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in shares of Blink Charging in the second quarter valued at about $42,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Blink Charging in the second quarter valued at about $64,000. 44.64% of the stock is owned by institutional investors.

Blink Charging Trading Down 15.5%

Shares of BLNK opened at $1.20 on Wednesday. The company’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $1.24. Blink Charging has a 1-year low of $0.63 and a 1-year high of $2.65. The company has a market cap of $137.48 million, a price-to-earnings ratio of -0.97 and a beta of 1.89.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $27.03 million during the quarter, compared to analysts’ expectations of $30.08 million. Blink Charging had a negative net margin of 118.41% and a negative return on equity of 74.28%. As a group, research analysts forecast that Blink Charging will post -0.64 earnings per share for the current year.

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.