Barclays Has Lowered Expectations for Blink Charging (NASDAQ:BLNK) Stock Price

Blink Charging (NASDAQ:BLNK) had its price objective decreased by Barclays from $3.00 to $1.50 in a research note released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on BLNK. UBS Group cut their price objective on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Monday, January 27th. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.09.

Blink Charging Trading Up 0.9 %

Blink Charging stock opened at $1.16 on Tuesday. The company has a market cap of $117.37 million, a PE ratio of -0.77 and a beta of 2.59. Blink Charging has a 1 year low of $1.14 and a 1 year high of $3.75. The company’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Blink Charging by 14.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock valued at $1,301,000 after acquiring an additional 116,758 shares in the last quarter. Swedbank AB lifted its position in shares of Blink Charging by 45.2% in the fourth quarter. Swedbank AB now owns 327,552 shares of the company’s stock worth $455,000 after purchasing an additional 102,036 shares in the last quarter. Virtu Financial LLC acquired a new position in Blink Charging during the third quarter worth $96,000. Barclays PLC increased its stake in Blink Charging by 238.4% in the 3rd quarter. Barclays PLC now owns 173,704 shares of the company’s stock valued at $299,000 after buying an additional 122,367 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after buying an additional 222,949 shares in the last quarter. 44.64% of the stock is currently 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.