Blink Charging Co. (NASDAQ:BLNK) Receives $5.64 Consensus Price Target from Brokerages

Blink Charging Co. (NASDAQ:BLNK) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.64.

Several research firms recently weighed in on BLNK. UBS Group downgraded 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 report on Thursday, November 14th. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Finally, Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Blink Charging

A number of hedge funds and other institutional investors have recently bought and sold shares of BLNK. Geode Capital Management LLC increased its position in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after purchasing an additional 222,949 shares in the last quarter. Stifel Financial Corp increased its position in Blink Charging by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock valued at $2,419,000 after buying an additional 180,027 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Blink Charging by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after buying an additional 79,969 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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. Finally, Bank of New York Mellon Corp grew its stake in shares of Blink Charging by 108.4% during the second quarter. Bank of New York Mellon Corp now owns 403,952 shares of the company’s stock worth $1,107,000 after acquiring an additional 210,116 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Blink Charging Stock Down 6.5 %

Shares of NASDAQ BLNK opened at $1.44 on Friday. Blink Charging has a twelve month low of $1.38 and a twelve month high of $3.75. The firm has a market cap of $145.69 million, a PE ratio of -0.95 and a beta of 2.61. The business has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $2.04.

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.