Brokerages Set Blink Charging Co. (NASDAQ:BLNK) Price Target at $5.64

Blink Charging Co. (NASDAQ:BLNK) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.64.

BLNK has been the topic of several recent research reports. UBS Group downgraded shares of Blink Charging from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.00 to $2.00 in a research report on Thursday, November 14th. Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. HC Wainwright decreased their price objective on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their target price on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th.

Insider Transactions at Blink Charging

In related news, Director Jack Levine bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the transaction, the director now directly owns 175,718 shares of the company’s stock, valued at approximately $298,720.60. The trade was a 12.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The disclosure for this sale can be found here. Corporate insiders own 6.50% of the company’s stock.

Institutional Trading of Blink Charging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BCGM Wealth Management LLC bought a new position in Blink Charging in the second quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new position in shares of Blink Charging during the second quarter worth approximately $29,000. Principal Financial Group Inc. bought a new position in shares of Blink Charging in the 2nd quarter worth $30,000. Victory Capital Management Inc. acquired a new stake in Blink Charging in the 2nd quarter valued at $33,000. Finally, Cetera Advisors LLC increased its stake in Blink Charging by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after purchasing an additional 3,673 shares in the last quarter. 44.64% of the stock is owned by institutional investors.

Blink Charging Trading Up 5.9 %

Shares of BLNK stock opened at $1.62 on Friday. The firm has a market capitalization of $163.91 million, a price-to-earnings ratio of -1.07 and a beta of 2.65. The business’s 50-day moving average price is $1.86 and its 200-day moving average price is $2.41. Blink Charging has a 12 month low of $1.48 and a 12 month high of $4.48.

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.