Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of “Hold” from Analysts

Blink Charging Co. (NASDAQ:BLNK) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.64.

A number of equities research analysts have recently commented on BLNK shares. Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reduced their price objective on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, August 12th. UBS Group lowered shares of Blink Charging from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. HC Wainwright cut their target price on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th.

Blink Charging Stock Performance

NASDAQ:BLNK opened at $1.53 on Friday. The firm’s fifty day moving average is $1.86 and its 200-day moving average is $2.43. Blink Charging has a 52 week low of $1.48 and a 52 week high of $4.48. The firm has a market cap of $154.80 million, a P/E ratio of -1.01 and a beta of 2.65.

Insider Buying and Selling

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the director now directly 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 disclosure for this purchase can be found here. 6.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLNK. BCGM Wealth Management LLC bought a new position in shares of Blink Charging in the second quarter valued at $27,000. Hsbc Holdings PLC purchased a new stake in shares of Blink Charging in the second quarter valued at about $29,000. Principal Financial Group Inc. purchased a new stake in shares of Blink Charging in the second quarter valued at about $30,000. Victory Capital Management Inc. purchased a new stake in shares of Blink Charging in the second quarter valued at about $33,000. Finally, DRW Securities LLC purchased a new stake in shares of Blink Charging in the third quarter valued at about $33,000. 44.64% of the stock is owned by institutional investors.

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.