Sabby Management LLC Acquires New Holdings in Blink Charging Co. $BLNK

Sabby Management LLC bought a new stake in shares of Blink Charging Co. (NASDAQ:BLNK) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,125,958 shares of the company’s stock, valued at approximately $1,418,000. Blink Charging comprises approximately 2.0% of Sabby Management LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of BLNK. AQR Capital Management LLC grew its position in shares of Blink Charging by 8,386.8% in the first quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock valued at $812,000 after purchasing an additional 873,989 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Blink Charging during the 2nd quarter worth approximately $119,000. Jump Financial LLC acquired a new position in shares of Blink Charging during the 2nd quarter worth approximately $60,000. Engineers Gate Manager LP lifted its stake in Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after buying an additional 10,851 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Blink Charging by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock valued at $7,722,000 after buying an additional 282,515 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

BLNK has been the subject of several recent research reports. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Blink Charging in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.00.

Blink Charging Price Performance

Blink Charging stock opened at $0.67 on Wednesday. The stock has a market capitalization of $96.48 million, a P/E ratio of -1.00 and a beta of 2.03. Blink Charging Co. has a 12-month low of $0.45 and a 12-month high of $2.65. The firm’s 50-day moving average is $0.75 and its two-hundred day moving average is $0.76.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $20.78 million during the quarter, compared to analyst estimates of $21.70 million. Blink Charging had a negative net margin of 73.75% and a negative return on equity of 83.40%. As a group, analysts forecast that Blink Charging Co. will post -0.17 EPS for the current year.

Blink Charging Profile

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.