Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of “Hold” from Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.09.

BLNK has been the subject of several recent analyst reports. UBS Group cut their target price on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research note on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Barclays decreased their target price on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th.

Blink Charging Price Performance

Shares of BLNK stock opened at $1.04 on Monday. The company has a fifty day moving average price of $1.24 and a two-hundred day moving average price of $1.59. Blink Charging has a one year low of $0.87 and a one year high of $3.75. The stock has a market cap of $105.22 million, a P/E ratio of -0.69 and a beta of 2.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Blink Charging in the 4th quarter valued at about $107,000. Man Group plc bought a new stake in shares of Blink Charging in the fourth quarter valued at approximately $626,000. Millennium Management LLC acquired a new stake in Blink Charging during the fourth quarter worth approximately $43,000. Deutsche Bank AG grew its position in Blink Charging by 23.4% during the fourth quarter. Deutsche Bank AG now owns 98,906 shares of the company’s stock worth $137,000 after buying an additional 18,771 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Blink Charging during the 4th quarter worth $57,000. 44.64% of the stock is owned by institutional investors and hedge funds.

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.