Blink Charging (NASDAQ:BLNK) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Blink Charging (NASDAQ:BLNK) in a report released on Friday morning,Benzinga reports. The brokerage currently has a $8.00 price target on the stock.

Other analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a research note on Friday. Barclays dropped their target price on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group dropped their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.59.

Blink Charging Trading Up 6.0 %

BLNK stock opened at $0.95 on Friday. Blink Charging has a one year low of $0.87 and a one year high of $3.75. The firm has a market capitalization of $96.54 million, a PE ratio of -0.63 and a beta of 2.86. The firm has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.56.

Hedge Funds Weigh In On Blink Charging

A number of hedge funds have recently added to or reduced their stakes in BLNK. Intech Investment Management LLC acquired a new position in Blink Charging in the third quarter worth approximately $52,000. Charles Schwab Investment Management Inc. increased its holdings in Blink Charging by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock worth $1,409,000 after buying an additional 79,969 shares during the last quarter. Swedbank AB increased its holdings in Blink Charging by 57.0% in the third quarter. Swedbank AB now owns 225,516 shares of the company’s stock worth $388,000 after buying an additional 81,894 shares during the last quarter. DRW Securities LLC acquired a new position in Blink Charging in the third quarter worth approximately $33,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Blink Charging by 8.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company’s stock worth $200,000 after buying an additional 9,551 shares during the last quarter. Institutional investors and hedge funds 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.