Ameritas Investment Partners Inc. purchased a new stake in shares of Blink Charging Co. (NASDAQ:BLNK) during the second quarter, HoldingsChannel reports. The fund purchased 2,863 shares of the company’s stock, valued at approximately $118,000.
Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in Blink Charging during the first quarter valued at about $36,000. Banque Cantonale Vaudoise bought a new stake in shares of Blink Charging in the first quarter worth about $38,000. Grandview Asset Management LLC bought a new stake in shares of Blink Charging in the first quarter worth about $29,000. Larson Financial Group LLC increased its holdings in shares of Blink Charging by 72.5% in the first quarter. Larson Financial Group LLC now owns 1,168 shares of the company’s stock worth $48,000 after purchasing an additional 491 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Blink Charging in the first quarter worth about $54,000. 37.92% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on BLNK. DA Davidson began coverage on Blink Charging in a report on Friday, August 27th. They issued a “neutral” rating and a $31.00 target price on the stock. Needham & Company LLC reduced their target price on Blink Charging from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, August 12th. Finally, Roth Capital cut Blink Charging from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Thursday, August 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.75.
Blink Charging (NASDAQ:BLNK) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.16). Blink Charging had a negative return on equity of 25.11% and a negative net margin of 328.57%. Analysts predict that Blink Charging Co. will post -1 earnings per share for the current year.
Blink Charging Profile
Blink Charging Co engages in the operation and provision of electric vehicle, charging equipment, and networked EV charging services. Its product line and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D.
Further Reading: Forex
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