Healthcare of Ontario Pension Plan Trust Fund Has $200,000 Stock Position in Blink Charging Co. (NASDAQ:BLNK)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Blink Charging Co. (NASDAQ:BLNK) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,415 shares of the company’s stock after purchasing an additional 9,551 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Blink Charging worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BLNK. BCGM Wealth Management LLC bought a new position in Blink Charging in the second quarter worth $27,000. Hsbc Holdings PLC bought a new position in Blink Charging during the second quarter worth about $29,000. Principal Financial Group Inc. acquired a new stake in Blink Charging during the second quarter valued at approximately $30,000. Victory Capital Management Inc. bought a new stake in shares of Blink Charging in the 2nd quarter valued at approximately $33,000. Finally, DRW Securities LLC acquired a new position in shares of Blink Charging in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Price Performance

Shares of Blink Charging stock opened at $1.62 on Tuesday. The firm has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $2.37. Blink Charging Co. has a fifty-two week low of $1.48 and a fifty-two week high of $4.48. The firm has a market cap of $163.91 million, a P/E ratio of -1.07 and a beta of 2.65.

Insider Activity

In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was 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 in the company, valued at $298,720.60. This represents a 12.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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. Insiders own 6.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BLNK shares. Stifel Nicolaus lowered their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. HC Wainwright reduced their price target on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.00 to $2.00 in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Blink Charging has a consensus rating of “Hold” and an average price target of $5.64.

Blink Charging Profile

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.