Blink Charging Co. (NASDAQ:BLNK) Given Average Rating of “Moderate Buy” by Analysts

Blink Charging Co. (NASDAQ:BLNK) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.79.

A number of research firms have recently issued reports on BLNK. UBS Group reduced their price target on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Benchmark started coverage on shares of Blink Charging in a research report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 target price for the company. Stifel Nicolaus lowered their price target on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Needham & Company LLC cut their price objective on Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, HC Wainwright lowered their target price on Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Blink Charging Stock Performance

NASDAQ BLNK opened at $2.04 on Tuesday. The firm’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $2.51. The stock has a market cap of $206.35 million, a price-to-earnings ratio of -0.85 and a beta of 2.66. Blink Charging has a twelve month low of $1.53 and a twelve month high of $4.66.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. The business had revenue of $33.26 million for the quarter, compared to analyst estimates of $38.90 million. During the same period in the previous year, the firm posted ($0.44) earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Blink Charging will post -0.62 EPS for the current fiscal year.

Insider Activity at Blink Charging

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total transaction of $43,338.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack Levine purchased 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the transaction, the director now owns 175,718 shares of the company’s stock, valued at approximately $298,720.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blink Charging

A number of hedge funds have recently bought and sold shares of the company. BCGM Wealth Management LLC acquired a new position in shares of Blink Charging during the 2nd quarter worth about $27,000. Hsbc Holdings PLC bought a new position in Blink Charging in the 2nd quarter worth approximately $29,000. Principal Financial Group Inc. acquired a new position in shares of Blink Charging during the second quarter worth approximately $30,000. Victory Capital Management Inc. bought a new stake in shares of Blink Charging in the second quarter valued at approximately $33,000. Finally, United Advisor Group LLC acquired a new stake in shares of Blink Charging in the third quarter worth $34,000. 44.64% of the stock is currently owned by institutional investors.

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.