Blink Charging Co. (NASDAQ:BLNK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Blink Charging Co. (NASDAQ:BLNK) has been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.00.

A number of equities analysts recently weighed in on the stock. HC Wainwright lowered their price objective on shares of Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 18th. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Blink Charging in a report on Wednesday. Finally, Roth Mkm lowered their target price on Blink Charging from $25.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 15th.

Blink Charging Trading Down 0.8 %

NASDAQ BLNK opened at $2.36 on Friday. The stock has a fifty day simple moving average of $2.89 and a 200-day simple moving average of $2.95. The stock has a market cap of $238.34 million, a PE ratio of -0.73 and a beta of 2.77. Blink Charging has a twelve month low of $2.18 and a twelve month high of $7.70.

Blink Charging (NASDAQ:BLNK) last posted its earnings results on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.12. Blink Charging had a negative net margin of 144.88% and a negative return on equity of 29.26%. The company had revenue of $42.71 million for the quarter, compared to analysts’ expectations of $43.63 million. Research analysts predict that Blink Charging will post -0.84 EPS for the current year.

Institutional Investors Weigh In On Blink Charging

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Blink Charging by 112.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock worth $33,000 after buying an additional 5,761 shares in the last quarter. Teza Capital Management LLC acquired a new position in Blink Charging during the 3rd quarter worth approximately $34,000. Invesco Ltd. increased its position in shares of Blink Charging by 35.8% in the 3rd quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock valued at $6,601,000 after purchasing an additional 568,417 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Blink Charging by 101.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 62,369 shares of the company’s stock valued at $191,000 after purchasing an additional 31,416 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Blink Charging during the 3rd quarter worth $146,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.