Equities Analysts Offer Predictions for Blink Charging Co.’s FY2025 Earnings (NASDAQ:BLNK)

Blink Charging Co. (NASDAQ:BLNK) – Research analysts at B. Riley issued their FY2025 earnings per share (EPS) estimates for Blink Charging in a research report issued on Tuesday, April 30th. B. Riley analyst C. Souther forecasts that the company will earn ($0.36) per share for the year. The consensus estimate for Blink Charging’s current full-year earnings is ($0.84) per share.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.12. Blink Charging had a negative net margin of 144.88% and a negative return on equity of 29.26%. The company had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $43.63 million.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of Blink Charging in a research note on Wednesday, April 17th. DA Davidson reiterated a “neutral” rating and set a $5.00 price target on shares of Blink Charging in a research report on Friday, March 15th. Roth Mkm cut their price objective on Blink Charging from $25.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, HC Wainwright lowered their target price on shares of Blink Charging from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.00.

Blink Charging Price Performance

BLNK opened at $3.04 on Friday. The firm has a market capitalization of $307.01 million, a P/E ratio of -0.92 and a beta of 2.82. Blink Charging has a one year low of $2.18 and a one year high of $7.70. The company has a fifty day moving average price of $2.76 and a 200-day moving average price of $2.90.

Hedge Funds Weigh In On Blink Charging

Large investors have recently modified their holdings of the company. Invesco Ltd. grew its position in Blink Charging by 35.8% during the third quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock valued at $6,601,000 after acquiring an additional 568,417 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Blink Charging by 861.1% during the 4th quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock valued at $1,558,000 after purchasing an additional 411,763 shares during the last quarter. Stifel Financial Corp raised its position in Blink Charging by 39.0% in the 3rd quarter. Stifel Financial Corp now owns 890,505 shares of the company’s stock worth $2,725,000 after purchasing an additional 249,810 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Blink Charging by 179.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 252,246 shares of the company’s stock worth $855,000 after purchasing an additional 162,109 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in Blink Charging by 618.0% during the fourth quarter. Virtu Financial LLC now owns 182,283 shares of the company’s stock valued at $618,000 after buying an additional 156,896 shares during the period. 44.64% of the stock is owned by hedge funds and other 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.