Stifel Financial Corp Boosts Holdings in Blink Charging Co. (NASDAQ:BLNK)

Stifel Financial Corp increased its holdings in Blink Charging Co. (NASDAQ:BLNK) by 14.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,406,219 shares of the company’s stock after acquiring an additional 180,027 shares during the period. Stifel Financial Corp’s holdings in Blink Charging were worth $2,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BCGM Wealth Management LLC purchased a new stake in Blink Charging during the second quarter valued at about $27,000. Hsbc Holdings PLC bought a new stake in shares of Blink Charging in the 2nd quarter valued at about $29,000. Principal Financial Group Inc. purchased a new stake in Blink Charging during the 2nd quarter valued at about $30,000. Victory Capital Management Inc. bought a new position in Blink Charging during the 2nd quarter worth approximately $33,000. Finally, CWM LLC increased its stake in Blink Charging by 60.2% in the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after purchasing an additional 5,834 shares during the period. Institutional investors own 44.64% of the company’s stock.

Insiders Place Their Bets

In other Blink Charging news, Director Jack Levine bought 20,000 shares of Blink Charging stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $1.70 per share, with a total value of $34,000.00. Following the transaction, the director now directly owns 175,718 shares of the company’s stock, valued at $298,720.60. This represents a 12.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is currently owned by company insiders.

Blink Charging Trading Down 5.1 %

Shares of Blink Charging stock opened at $1.50 on Thursday. The company’s fifty day simple moving average is $1.79 and its two-hundred day simple moving average is $2.23. The company has a market cap of $151.76 million, a P/E ratio of -0.99 and a beta of 2.58. Blink Charging Co. has a 12-month low of $1.46 and a 12-month high of $4.48.

Analyst Ratings Changes

A number of analysts have recently weighed in on BLNK shares. Needham & Company LLC lowered Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Finally, UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.00 to $2.00 in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.