Swedbank AB Buys 81,894 Shares of Blink Charging Co. (NASDAQ:BLNK)

Swedbank AB increased its stake in shares of Blink Charging Co. (NASDAQ:BLNK) by 57.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 225,516 shares of the company’s stock after purchasing an additional 81,894 shares during the quarter. Swedbank AB’s holdings in Blink Charging were worth $388,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Blink Charging by 12.6% in the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after purchasing an additional 365,098 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Blink Charging by 20.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,171 shares of the company’s stock worth $236,000 after acquiring an additional 13,402 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Blink Charging during the first quarter worth approximately $235,000. Cetera Advisors LLC boosted its holdings in shares of Blink Charging by 36.1% in the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after purchasing an additional 3,673 shares during the period. Finally, CWM LLC grew its stake in Blink Charging by 60.2% in the second quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after purchasing an additional 5,834 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

Blink Charging Trading Up 0.6 %

Shares of Blink Charging stock opened at $1.56 on Thursday. Blink Charging Co. has a 12-month low of $1.48 and a 12-month high of $4.48. The firm has a market capitalization of $157.83 million, a price-to-earnings ratio of -1.05 and a beta of 2.65. The firm’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $2.41.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 report on Monday, August 12th. HC Wainwright lowered their price objective on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. UBS Group cut shares of Blink Charging from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.00 to $2.00 in a research report on Thursday, November 14th. Finally, Needham & Company LLC downgraded shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.64.

Insider Activity

In other news, Director Jack Levine purchased 20,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $1.70 per share, with a total value of $34,000.00. Following the completion of the acquisition, the director now owns 175,718 shares of the company’s stock, valued at approximately $298,720.60. This represents a 12.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristina A. Peterson sold 24,077 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The disclosure for this sale can be found here. Insiders own 6.50% 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.