Blink Charging Co. (NASDAQ:BLNK) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Blink Charging Co. (NASDAQ:BLNKGet Rating) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,219 shares of the company’s stock after selling 882 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blink Charging were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLNK. Versor Investments LP raised its holdings in Blink Charging by 453.5% during the second quarter. Versor Investments LP now owns 58,220 shares of the company’s stock worth $962,000 after purchasing an additional 47,702 shares in the last quarter. State Street Corp raised its holdings in Blink Charging by 2.4% during the first quarter. State Street Corp now owns 1,258,312 shares of the company’s stock worth $33,295,000 after purchasing an additional 29,917 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Blink Charging by 3,015.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 28,040 shares of the company’s stock valued at $742,000 after acquiring an additional 27,140 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Blink Charging in the 1st quarter valued at $612,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Blink Charging by 97.7% in the 1st quarter. JPMorgan Chase & Co. now owns 46,675 shares of the company’s stock valued at $1,235,000 after acquiring an additional 23,069 shares during the period. Institutional investors and hedge funds own 36.30% of the company’s stock.

Insiders Place Their Bets

In other Blink Charging news, General Counsel Aviv Hillo sold 10,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $23.77, for a total transaction of $237,700.00. Following the sale, the general counsel now directly owns 115,026 shares in the company, valued at approximately $2,734,168.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Blink Charging news, Board Member Mahidhar Reddy sold 10,815 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $23.89, for a total transaction of $258,370.35. Following the sale, the insider now directly owns 210,549 shares in the company, valued at approximately $5,030,015.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Aviv Hillo sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $23.77, for a total transaction of $237,700.00. Following the completion of the sale, the general counsel now owns 115,026 shares in the company, valued at $2,734,168.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,630 shares of company stock worth $918,284. Corporate insiders own 16.90% of the company’s stock.

Blink Charging Price Performance

NASDAQ:BLNK opened at $14.02 on Friday. The firm’s fifty day moving average price is $16.18 and its 200 day moving average price is $17.76. Blink Charging Co. has a 1-year low of $11.70 and a 1-year high of $45.06. The firm has a market cap of $713.20 million, a price-to-earnings ratio of -7.62 and a beta of 3.09.

Analysts Set New Price Targets

BLNK has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Blink Charging from $19.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 16th. B. Riley cut their target price on shares of Blink Charging from $15.00 to $14.00 in a report on Monday, November 7th. Cowen cut their target price on shares of Blink Charging to $16.00 in a report on Tuesday, November 15th. Needham & Company LLC cut their target price on shares of Blink Charging from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. Finally, DA Davidson cut their target price on shares of Blink Charging to $14.00 in a report on Tuesday, November 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.63.

About Blink Charging

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Blink Charging Co, through its subsidiaries, owns, operates, 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.

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Institutional Ownership by Quarter for Blink Charging (NASDAQ:BLNK)

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