Blink Charging (NASDAQ:BLNK) Upgraded at B. Riley

B. Riley upgraded shares of Blink Charging (NASDAQ:BLNK) to a hold rating in a research report released on Tuesday, Zacks.com reports.

A number of other equities analysts have also recently weighed in on BLNK. Roth Mkm lowered their price target on shares of Blink Charging from $25.00 to $12.00 and set a buy rating on the stock 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 report on Monday, March 18th. Stifel Nicolaus reaffirmed a hold rating and set a $4.00 price objective on shares of Blink Charging in a report on Thursday, May 16th. DA Davidson reissued a neutral rating and issued a $5.00 target price on shares of Blink Charging in a report on Friday, March 15th. Finally, UBS Group cut their price target on Blink Charging from $7.00 to $4.50 and set a buy rating for the company in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $7.50.

Blink Charging Price Performance

Shares of NASDAQ BLNK opened at $2.80 on Tuesday. The stock has a fifty day moving average price of $2.93 and a 200 day moving average price of $2.90. Blink Charging has a 1-year low of $2.18 and a 1-year high of $7.25. The company has a market cap of $282.97 million, a PE ratio of -0.98 and a beta of 2.76.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.10. The firm had revenue of $37.57 million during the quarter, compared to analysts’ expectations of $33.74 million. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. Analysts anticipate that Blink Charging will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blink Charging

A number of hedge funds and other institutional investors have recently modified their holdings of BLNK. Cetera Advisors LLC grew its stake in Blink Charging by 36.1% in the 1st quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock worth $42,000 after acquiring an additional 3,673 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Blink Charging by 112.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock valued at $33,000 after purchasing an additional 5,761 shares during the period. Arkadios Wealth Advisors increased its stake in Blink Charging by 24.8% in the first quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock valued at $128,000 after purchasing an additional 8,472 shares during the last quarter. SG Americas Securities LLC lifted its position in Blink Charging by 48.9% during the first quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock worth $79,000 after buying an additional 8,668 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Blink Charging by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock worth $215,000 after buying an additional 8,955 shares during the last quarter. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

About Blink Charging

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.