Blink Charging Co. (NASDAQ:BLNK) Given Average Rating of “Moderate Buy” by Analysts

Blink Charging Co. (NASDAQ:BLNK) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.64.

Several research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th. UBS Group lowered Blink Charging from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research report on Wednesday.

Hedge Funds Weigh In On Blink Charging

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Blink Charging in the 3rd quarter valued at $96,000. Barclays PLC lifted its stake in shares of Blink Charging by 238.4% in the third quarter. Barclays PLC now owns 173,704 shares of the company’s stock valued at $299,000 after buying an additional 122,367 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after buying an additional 222,949 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Blink Charging in the 3rd quarter worth about $90,000. Finally, XTX Topco Ltd acquired a new stake in shares of Blink Charging in the 3rd quarter worth about $129,000. 44.64% of the stock is owned by institutional investors and hedge funds.

Blink Charging Stock Performance

Shares of NASDAQ BLNK opened at $1.47 on Friday. Blink Charging has a 52-week low of $1.38 and a 52-week high of $3.75. The company’s 50 day moving average price is $1.58 and its 200-day moving average price is $2.03. The company has a market capitalization of $148.73 million, a P/E ratio of -0.97 and a beta of 2.61.

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.