Roth Mkm Reiterates “Buy” Rating for Blink Charging (NASDAQ:BLNK)

Roth Mkm reaffirmed their buy rating on shares of Blink Charging (NASDAQ:BLNK) in a research report released on Friday,Benzinga reports. Roth Mkm currently has a $3.00 price target on the stock, down from their prior price target of $4.00.

Several other equities analysts also recently issued reports on the stock. Barclays cut their price target on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of Blink Charging in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a report on Friday. Benchmark cut their price target on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating for the company in a report on Friday. Finally, UBS Group cut their price target on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blink Charging presently has an average rating of “Hold” and a consensus target price of $3.59.

Blink Charging Stock Performance

NASDAQ:BLNK opened at $0.95 on Friday. The company has a 50-day moving average of $1.19 and a 200-day moving average of $1.56. The company has a market capitalization of $96.54 million, a price-to-earnings ratio of -0.63 and a beta of 2.86. Blink Charging has a 52 week low of $0.87 and a 52 week high of $3.75.

Institutional Investors Weigh In On Blink Charging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Blink Charging by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after acquiring an additional 222,949 shares in the last quarter. Stifel Financial Corp grew its position in shares of Blink Charging by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after buying an additional 180,027 shares during the period. Invesco Ltd. grew its position in shares of Blink Charging by 19.4% during the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock worth $1,373,000 after buying an additional 160,251 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock worth $1,301,000 after buying an additional 116,758 shares during the period. Finally, Northern Trust Corp grew its position in shares of Blink Charging by 1.7% during the 4th quarter. Northern Trust Corp now owns 794,156 shares of the company’s stock worth $1,104,000 after buying an additional 13,336 shares during the period. Institutional investors and hedge funds 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.