Capstone Investment Advisors LLC Invests $85,000 in Blink Charging Co. (NASDAQ:BLNK)

Capstone Investment Advisors LLC acquired a new position in Blink Charging Co. (NASDAQ:BLNKFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also modified their holdings of BLNK. Pathstone Family Office LLC purchased a new position in Blink Charging during the third quarter worth approximately $32,000. PNC Financial Services Group Inc. lifted its position in shares of Blink Charging by 112.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock valued at $33,000 after buying an additional 5,761 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Blink Charging in the 3rd quarter valued at $34,000. Stratos Wealth Partners LTD. acquired a new position in Blink Charging during the fourth quarter worth $37,000. Finally, Private Advisor Group LLC purchased a new position in Blink Charging during the fourth quarter valued at $42,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Blink Charging Stock Down 3.2 %

Shares of NASDAQ:BLNK opened at $3.04 on Wednesday. Blink Charging Co. has a 52-week low of $2.18 and a 52-week high of $7.25. The business has a fifty day moving average of $2.83 and a two-hundred day moving average of $2.94. The stock has a market cap of $307.01 million, a P/E ratio of -1.06 and a beta of 2.76.

Blink Charging (NASDAQ:BLNKGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.10. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. The firm had revenue of $37.57 million during the quarter, compared to analysts’ expectations of $33.74 million. On average, equities analysts anticipate that Blink Charging Co. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLNK has been the subject of a number of research reports. HC Wainwright cut their target price on shares of Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Stifel Nicolaus reissued a “hold” rating and set a $4.00 target price on shares of Blink Charging in a report on Thursday, May 16th. Needham & Company LLC lowered their price target on Blink Charging from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. UBS Group reduced their price objective on Blink Charging from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $5.00 target price on shares of Blink Charging in a research note on Friday, March 15th. Three 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.50.

Read Our Latest Analysis on Blink Charging

Blink Charging Company Profile

(Free Report)

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.

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

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