Charles Schwab Investment Management Inc. Has $1.30 Million Stake in Blink Charging Co. (NASDAQ:BLNK)

Charles Schwab Investment Management Inc. grew its stake in Blink Charging Co. (NASDAQ:BLNK) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 935,866 shares of the company’s stock after buying an additional 116,758 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Blink Charging were worth $1,301,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLNK. Verition Fund Management LLC bought a new position in shares of Blink Charging in the 3rd quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new position in Blink Charging during the third quarter valued at approximately $52,000. Orion Portfolio Solutions LLC bought a new position in shares of Blink Charging in the third quarter valued at approximately $90,000. Virtu Financial LLC acquired a new stake in shares of Blink Charging in the third quarter worth $96,000. Finally, XTX Topco Ltd bought a new stake in shares of Blink Charging during the 3rd quarter worth $129,000. Institutional investors own 44.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Benchmark dropped their target price on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of Blink Charging in a research report on Friday, March 14th. Roth Mkm restated a “buy” rating and set a $3.00 target price (down previously from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Barclays dropped their price target on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus reduced their price objective on Blink Charging from $3.50 to $2.00 and set a “hold” rating for the company in a research report on Wednesday. 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 stock has a consensus rating of “Hold” and an average price target of $3.17.

Blink Charging Stock Down 0.3 %

Blink Charging stock opened at $0.94 on Friday. The business has a 50 day moving average price of $1.08 and a two-hundred day moving average price of $1.50. Blink Charging Co. has a 12 month low of $0.87 and a 12 month high of $3.75. The stock has a market cap of $94.69 million, a price-to-earnings ratio of -0.62 and a beta of 2.86.

Blink Charging (NASDAQ:BLNK) last issued its earnings results on Thursday, March 13th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. The business had revenue of $30.20 million during the quarter, compared to analyst estimates of $30.77 million. During the same period in the prior year, the company posted ($0.28) earnings per share. Blink Charging’s revenue was down 29.3% on a year-over-year basis. On average, analysts expect that Blink Charging Co. will post -0.64 earnings per share for the current fiscal year.

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.