SG Americas Securities LLC Invests $122,000 in Blink Charging Co. (NASDAQ:BLNK)

SG Americas Securities LLC purchased a new position in Blink Charging Co. (NASDAQ:BLNK) during the 3rd quarter, HoldingsChannel reports. The fund purchased 70,783 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Blink Charging by 12.6% in the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after purchasing an additional 365,098 shares during the period. AQR Capital Management LLC grew its position in Blink Charging by 224.9% in the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after acquiring an additional 557,336 shares in the last quarter. BNP Paribas Financial Markets grew its position in Blink Charging by 36.3% in the first quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock worth $119,000 after acquiring an additional 10,554 shares in the last quarter. CWM LLC grew its position in Blink Charging by 60.2% in the second quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after acquiring an additional 5,834 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Blink Charging in the second quarter worth $843,000. Institutional investors own 44.64% of the company’s stock.

Blink Charging Stock Up 1.9 %

NASDAQ BLNK opened at $2.20 on Friday. The company has a 50-day simple moving average of $1.88 and a two-hundred day simple moving average of $2.53. Blink Charging Co. has a 12-month low of $1.53 and a 12-month high of $4.66. The firm has a market cap of $222.33 million, a price-to-earnings ratio of -0.77 and a beta of 2.66.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. The business had revenue of $33.26 million for the quarter, compared to analysts’ expectations of $38.90 million. During the same quarter in the previous year, the company earned ($0.44) earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Blink Charging Co. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Blink Charging

In other news, Director Jack Levine bought 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the director now owns 175,718 shares in the company, valued at approximately $298,720.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $1.80, for a total transaction of $43,338.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack Levine bought 20,000 shares of the company’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 completion of the acquisition, the director now owns 175,718 shares of the company’s stock, valued at $298,720.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. HC Wainwright cut their target price on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus cut their target price on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Benchmark assumed coverage on shares of Blink Charging in a research report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 target price for the company. Finally, Needham & Company LLC cut their target price on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.79.

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.