Blink Charging Sees Unusually High Options Volume (NASDAQ:BLNK)

Blink Charging Co. (NASDAQ:BLNK) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 15,453 call options on the stock. This is an increase of approximately 137% compared to the average volume of 6,524 call options.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLNK shares. Benchmark started 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. HC Wainwright decreased their price target on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus decreased their target price 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. Needham & Company LLC lowered their price objective 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. Finally, B. Riley upgraded shares of Blink Charging to a “hold” rating in a research report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Blink Charging Trading Down 0.3 %

NASDAQ BLNK traded down $0.01 during trading on Monday, hitting $1.99. 5,115,150 shares of the company traded hands, compared to its average volume of 5,737,627. The company has a market capitalization of $200.60 million, a P/E ratio of -0.70 and a beta of 2.66. The business has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $2.58. Blink Charging has a 12 month low of $1.53 and a 12 month high of $4.66.

Blink Charging (NASDAQ:BLNK) last posted its 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 firm had revenue of $33.26 million during the quarter, compared to analyst estimates of $38.90 million. During the same quarter in the previous year, the business posted ($0.44) earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Blink Charging will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale was disclosed in a legal filing with the SEC, which is available 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 shares were bought at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the director now directly owns 175,718 shares in the company, valued at approximately $298,720.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blink Charging

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its holdings in shares of Blink Charging by 618.0% during the 4th quarter. Virtu Financial LLC now owns 182,283 shares of the company’s stock worth $618,000 after purchasing an additional 156,896 shares during the period. Quadrature Capital Ltd boosted its stake in Blink Charging by 861.1% during the fourth quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock worth $1,558,000 after buying an additional 411,763 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Blink Charging by 24.8% in the 1st 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 period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Blink Charging during the 1st quarter worth about $48,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Blink Charging by 36.3% during the 1st 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 in the last quarter. 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.