UBS Group Has Lowered Expectations for Blink Charging (NASDAQ:BLNK) Stock Price

Blink Charging (NASDAQ:BLNK) had its price objective decreased by investment analysts at UBS Group from $2.00 to $1.70 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 36.55% from the stock’s previous close.

A number of other analysts also recently commented on the company. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.60.

Blink Charging Stock Performance

Shares of NASDAQ:BLNK traded down $0.06 on Monday, hitting $1.25. 2,035,627 shares of the company were exchanged, compared to its average volume of 4,486,017. The company’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.96. Blink Charging has a one year low of $1.22 and a one year high of $3.75. The firm has a market capitalization of $125.97 million, a price-to-earnings ratio of -0.82 and a beta of 2.61.

Hedge Funds Weigh In On Blink Charging

Several institutional investors have recently added to or reduced their stakes in BLNK. Hsbc Holdings PLC bought a new stake in Blink Charging during the second quarter worth about $29,000. DRW Securities LLC bought a new stake in Blink Charging during the 3rd quarter worth approximately $33,000. United Advisor Group LLC acquired a new stake in Blink Charging during the 3rd quarter valued at $34,000. Verition Fund Management LLC acquired a new position in Blink Charging in the third quarter worth $48,000. Finally, Intech Investment Management LLC bought a new stake in shares of Blink Charging during the third quarter worth $52,000. 44.64% of the stock is 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.