Blink Charging Co. (NASDAQ:BLNK) Stock Position Trimmed by Tidal Investments LLC

Tidal Investments LLC trimmed its position in shares of Blink Charging Co. (NASDAQ:BLNK) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,124 shares of the company’s stock after selling 10,301 shares during the period. Tidal Investments LLC owned 0.12% of Blink Charging worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Blink Charging by 8.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company’s stock worth $200,000 after buying an additional 9,551 shares during the period. BCGM Wealth Management LLC acquired a new position in Blink Charging during the 2nd quarter worth $27,000. Hsbc Holdings PLC acquired a new position in shares of Blink Charging during the second quarter valued at $29,000. Principal Financial Group Inc. bought a new stake in shares of Blink Charging during the second quarter valued at about $30,000. Finally, Victory Capital Management Inc. acquired a new stake in Blink Charging in the second quarter worth about $33,000. Institutional investors own 44.64% of the company’s stock.

Analyst Ratings Changes

BLNK has been the topic of several research analyst reports. UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Finally, Needham & Company LLC downgraded Blink Charging from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.64.

Blink Charging Stock Performance

Shares of NASDAQ:BLNK opened at $1.52 on Thursday. The stock has a market capitalization of $153.79 million, a price-to-earnings ratio of -1.01 and a beta of 2.58. Blink Charging Co. has a 1-year low of $1.42 and a 1-year high of $4.48. The company has a 50 day moving average price of $1.75 and a 200 day moving average price of $2.18.

Blink Charging Company 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.