Toroso Investments LLC lowered its stake in shares of Blink Charging Co. (NASDAQ:BLNK – Get Rating) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,425 shares of the company’s stock after selling 9,077 shares during the period. Toroso Investments LLC owned approximately 0.10% of Blink Charging worth $876,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Blink Charging in the second quarter valued at $383,000. Lazard Asset Management LLC acquired a new position in Blink Charging during the 2nd quarter valued at approximately $52,000. Activest Wealth Management bought a new stake in Blink Charging during the 3rd quarter valued at $34,000. Beacon Pointe Advisors LLC bought a new stake in Blink Charging during the 2nd quarter valued at $168,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Blink Charging by 24.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 40,175 shares of the company’s stock valued at $664,000 after acquiring an additional 7,990 shares in the last quarter. Institutional investors and hedge funds own 27.62% of the company’s stock.
Blink Charging Price Performance
Blink Charging stock opened at $7.52 on Friday. The stock has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $13.71. The firm has a market capitalization of $453.94 million, a P/E ratio of -3.88 and a beta of 3.11. Blink Charging Co. has a 52-week low of $7.42 and a 52-week high of $29.99.
Insider Transactions at Blink Charging
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BLNK shares. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Blink Charging in a research report on Wednesday, March 1st. Needham & Company LLC began coverage on Blink Charging in a report on Thursday, March 2nd. They issued a “hold” rating for the company. Five equities research 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, the stock presently has an average rating of “Hold” and a consensus target price of $22.88.
About Blink Charging
Blink Charging Co engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. Its product line and services include the Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D.
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