Blink Charging (NASDAQ:BLNK) Research Coverage Started at Benchmark

Benchmark started coverage on shares of Blink Charging (NASDAQ:BLNK) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $5.00 target price on the stock.

A number of other research analysts have also weighed in on BLNK. Stifel Nicolaus restated a hold rating and issued a $4.00 price objective on shares of Blink Charging in a report on Thursday, May 16th. UBS Group dropped their target price on shares of Blink Charging from $7.00 to $4.50 and set a buy rating for the company in a report on Tuesday, May 21st. B. Riley raised shares of Blink Charging to a hold rating in a report on Tuesday, June 25th. Finally, Needham & Company LLC dropped their target price on shares of Blink Charging from $7.00 to $5.00 and set a buy rating for the company in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Blink Charging presently has a consensus rating of Moderate Buy and a consensus target price of $7.21.

Blink Charging Stock Performance

Blink Charging stock opened at $2.83 on Wednesday. The company’s fifty day moving average price is $3.07 and its 200 day moving average price is $2.90. Blink Charging has a 1 year low of $2.18 and a 1 year high of $7.25. The stock has a market capitalization of $286.00 million, a P/E ratio of -0.99 and a beta of 2.73.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.10. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. The firm had revenue of $37.57 million for the quarter, compared to analysts’ expectations of $33.74 million. Sell-side analysts predict that Blink Charging will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Advisors LLC boosted its position in shares of Blink Charging by 36.1% during the 1st quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after acquiring an additional 3,673 shares during the last quarter. CWM LLC lifted its position in Blink Charging by 60.2% in the second quarter. CWM LLC now owns 15,520 shares of the company’s stock valued at $43,000 after buying an additional 5,834 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Blink Charging by 24.8% in the first quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock valued at $128,000 after buying an additional 8,472 shares during the last quarter. SG Americas Securities LLC lifted its position in Blink Charging by 48.9% in the first quarter. SG Americas Securities LLC now owns 26,376 shares of the company’s stock valued at $79,000 after buying an additional 8,668 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Blink Charging by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 71,477 shares of the company’s stock valued at $215,000 after buying an additional 8,955 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.