IPG Investment Advisors LLC Takes Position in Blink Charging Co. (NASDAQ:BLNK)

IPG Investment Advisors LLC bought a new position in shares of Blink Charging Co. (NASDAQ:BLNKFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,641 shares of the company’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in shares of Blink Charging by 112.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock valued at $33,000 after buying an additional 5,761 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Blink Charging by 13.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 54,413 shares of the company’s stock valued at $167,000 after acquiring an additional 6,589 shares during the period. Clearstead Advisors LLC lifted its holdings in Blink Charging by 2,961.0% in the third quarter. Clearstead Advisors LLC now owns 9,183 shares of the company’s stock valued at $28,000 after acquiring an additional 8,883 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Blink Charging by 105.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,378 shares of the company’s stock worth $62,000 after purchasing an additional 9,438 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in shares of Blink Charging during the 3rd quarter worth approximately $32,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Down 3.8 %

Shares of Blink Charging stock traded down $0.12 during mid-day trading on Tuesday, reaching $3.07. 2,085,077 shares of the stock traded hands, compared to its average volume of 6,655,039. The business has a 50-day moving average of $2.77 and a 200 day moving average of $2.97. The stock has a market capitalization of $310.04 million, a PE ratio of -1.08 and a beta of 2.82. Blink Charging Co. has a fifty-two week low of $2.18 and a fifty-two week high of $7.26.

Blink Charging (NASDAQ:BLNKGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.12. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. The firm had revenue of $42.71 million during the quarter, compared to the consensus estimate of $43.63 million. On average, equities research analysts expect that Blink Charging Co. will post -0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLNK has been the subject of several analyst reports. UBS Group decreased their target price on shares of Blink Charging from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Stifel Nicolaus reissued a “hold” rating and set a $4.00 target price on shares of Blink Charging in a research note on Thursday, May 16th. DA Davidson restated a “neutral” rating and issued a $5.00 price target on shares of Blink Charging in a research note on Friday, March 15th. HC Wainwright lowered their price target on Blink Charging from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, Needham & Company LLC cut their price objective on Blink Charging from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Check Out Our Latest Stock Analysis on BLNK

Blink Charging Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blink Charging (NASDAQ:BLNK)

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