Blink Charging Co. (NASDAQ:BLNK – Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors purchased 15,453 call options on the stock. This is an increase of 137% compared to the average volume of 6,524 call options.
Analyst Ratings Changes
Several equities analysts recently weighed in on BLNK shares. Benchmark started coverage on shares of Blink Charging in a research report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 price target on the stock. Stifel Nicolaus dropped their target price on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. B. Riley upgraded Blink Charging to a “hold” rating in a report on Tuesday, June 25th. Needham & Company LLC dropped their price objective on Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, HC Wainwright cut their price objective on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Blink Charging has a consensus rating of “Moderate Buy” and an average price target of $6.00.
Get Our Latest Stock Report on Blink Charging
Blink Charging Price Performance
Blink Charging (NASDAQ:BLNK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $33.26 million for the quarter, compared to the consensus estimate of $38.90 million. Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. Blink Charging’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.44) EPS. Sell-side analysts anticipate that Blink Charging will post -0.62 earnings per share for the current year.
Insider Buying and Selling at Blink Charging
In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack Levine acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were purchased at an average price of $1.70 per share, with a total value of $34,000.00. Following the acquisition, the director now owns 175,718 shares of the company’s stock, valued at approximately $298,720.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.50% of the company’s stock.
Institutional Investors Weigh In On Blink Charging
Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC increased its position in Blink Charging by 36.1% in the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock worth $42,000 after buying an additional 3,673 shares during the last quarter. CWM LLC increased its holdings in Blink Charging by 60.2% in the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after acquiring an additional 5,834 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Blink Charging by 24.8% in the 1st quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock valued at $128,000 after acquiring an additional 8,472 shares during the period. SG Americas Securities LLC lifted its holdings in Blink Charging by 48.9% during the first quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock valued at $79,000 after purchasing an additional 8,668 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Blink Charging by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock worth $215,000 after purchasing an additional 8,955 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.
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.
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