Blink Charging Co. (NASDAQ:BLNK) Given Average Recommendation of “Hold” by Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.00.

A number of equities research analysts have issued reports on BLNK shares. Wall Street Zen upgraded Blink Charging from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blink Charging in a research note on Friday, May 22nd.

Institutional Investors Weigh In On Blink Charging

Institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Blink Charging in the 3rd quarter worth $31,000. Squarepoint Ops LLC purchased a new stake in Blink Charging in the 3rd quarter worth $33,000. Engineers Gate Manager LP increased its stake in Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after buying an additional 10,851 shares in the last quarter. State of Wyoming purchased a new stake in Blink Charging in the 4th quarter worth $29,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in Blink Charging in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Blink Charging Price Performance

NASDAQ:BLNK opened at $0.60 on Friday. The firm has a market capitalization of $86.50 million, a price-to-earnings ratio of -0.90 and a beta of 2.03. Blink Charging has a one year low of $0.45 and a one year high of $2.65. The business has a fifty day moving average price of $0.75 and a 200-day moving average price of $0.73.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Blink Charging had a negative return on equity of 83.40% and a negative net margin of 73.75%.The business had revenue of $20.78 million during the quarter, compared to analyst estimates of $21.70 million. On average, equities research analysts expect that Blink Charging will post -0.17 earnings per share for the current fiscal year.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.