Q4 Earnings Forecast for Blink Charging Issued By B. Riley

Blink Charging Co. (NASDAQ:BLNK) – Analysts at B. Riley issued their Q4 2024 EPS estimates for Blink Charging in a note issued to investors on Tuesday, March 4th. B. Riley analyst R. Pfingst anticipates that the company will earn ($0.18) per share for the quarter. The consensus estimate for Blink Charging’s current full-year earnings is ($0.64) per share. B. Riley also issued estimates for Blink Charging’s FY2025 earnings at ($0.58) EPS.

Several other research firms have also issued reports on BLNK. UBS Group decreased their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Barclays cut their target price 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. Finally, Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.09.

Blink Charging Stock Up 2.5 %

Shares of NASDAQ BLNK opened at $0.98 on Thursday. Blink Charging has a 52-week low of $0.87 and a 52-week high of $3.75. The business’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.61. The firm has a market cap of $99.15 million, a price-to-earnings ratio of -0.65 and a beta of 2.86.

Hedge Funds Weigh In On Blink Charging

Several large investors have recently bought and sold shares of BLNK. DRW Securities LLC purchased a new position in shares of Blink Charging in the 3rd quarter valued at about $33,000. United Advisor Group LLC purchased a new position in Blink Charging in the third quarter valued at approximately $34,000. Millennium Management LLC acquired a new stake in Blink Charging during the fourth quarter worth approximately $43,000. Verition Fund Management LLC purchased a new stake in shares of Blink Charging during the 3rd quarter worth approximately $48,000. Finally, Intech Investment Management LLC acquired a new position in shares of Blink Charging in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.