Blink Charging’s (BLNK) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Blink Charging (NASDAQ:BLNK) in a report released on Friday,Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. Barclays dropped their price target on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. UBS Group dropped their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.59.

Blink Charging Stock Performance

Shares of NASDAQ:BLNK opened at $0.95 on Friday. The business’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $1.56. The company has a market cap of $96.54 million, a P/E ratio of -0.63 and a beta of 2.86. Blink Charging has a one year low of $0.87 and a one year high of $3.75.

Institutional Trading of Blink Charging

Several hedge funds and other institutional investors have recently bought and sold shares of BLNK. Man Group plc acquired a new position in shares of Blink Charging in the 4th quarter worth approximately $626,000. Geode Capital Management LLC lifted its stake in Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after purchasing an additional 222,949 shares during the last quarter. Stifel Financial Corp boosted its holdings in Blink Charging by 14.7% in the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after purchasing an additional 180,027 shares during the period. Invesco Ltd. increased its stake in Blink Charging by 19.4% during the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock valued at $1,373,000 after purchasing an additional 160,251 shares during the last quarter. Finally, Caption Management LLC acquired a new stake in shares of Blink Charging during the fourth quarter worth $180,000. 44.64% of the stock is owned by institutional investors.

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.