Blink Charging Co. (NASDAQ:BLNK) Director Sells $43,338.60 in Stock

Blink Charging Co. (NASDAQ:BLNK) Director Kristina A. Peterson sold 24,077 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Kristina A. Peterson also recently made the following trade(s):

• On Tuesday, June 25th, Kristina A. Peterson sold 4,510 shares of Blink Charging stock. The shares were sold at an average price of $2.77, for a total transaction of $12,492.70.

Blink Charging Price Performance

NASDAQ:BLNK opened at $1.65 on Thursday. The company has a market cap of $166.90 million, a price-to-earnings ratio of -0.58 and a beta of 2.66. Blink Charging Co. has a 1 year low of $1.53 and a 1 year high of $4.66. The stock’s 50 day simple moving average is $2.24 and its two-hundred day simple moving average is $2.66.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $38.90 million. During the same period in the previous year, the company earned ($0.44) EPS. Blink Charging’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that Blink Charging Co. will post -0.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BLNK. Needham & Company LLC lowered their target price on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, August 12th. B. Riley raised Blink Charging to a “hold” rating in a research note on Tuesday, June 25th. Benchmark began coverage on Blink Charging in a research note on Wednesday, July 31st. They issued a “buy” rating and a $5.00 price target for the company. Finally, HC Wainwright reduced their price objective on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLNK. Vanguard Group Inc. lifted its stake in shares of Blink Charging by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock valued at $9,809,000 after purchasing an additional 365,098 shares during the last quarter. Private Advisor Group LLC purchased a new position in Blink Charging during the fourth quarter worth $42,000. KBC Group NV increased its position in Blink Charging by 173.4% during the fourth quarter. KBC Group NV now owns 224,472 shares of the company’s stock valued at $761,000 after acquiring an additional 142,366 shares during the last quarter. BNP Paribas Financial Markets increased its position in Blink Charging by 36.3% during the first quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock valued at $119,000 after acquiring an additional 10,554 shares during the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Blink Charging by 861.1% in the fourth quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock valued at $1,558,000 after acquiring an additional 411,763 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.