Price T Rowe Associates Inc. MD Has $217,000 Stock Holdings in Blink Charging Co. (NASDAQ:BLNK)

Price T Rowe Associates Inc. MD lifted its stake in Blink Charging Co. (NASDAQ:BLNK) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,833 shares of the company’s stock after acquiring an additional 35,811 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.15% of Blink Charging worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BLNK. Intech Investment Management LLC increased its position in Blink Charging by 59.5% during the fourth quarter. Intech Investment Management LLC now owns 48,569 shares of the company’s stock worth $68,000 after buying an additional 18,110 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Blink Charging during the fourth quarter worth $79,000. PEAK6 LLC acquired a new position in Blink Charging during the fourth quarter worth $139,000. American Century Companies Inc. increased its position in Blink Charging by 8.4% during the fourth quarter. American Century Companies Inc. now owns 130,783 shares of the company’s stock worth $182,000 after buying an additional 10,123 shares during the last quarter. Finally, Barclays PLC increased its position in Blink Charging by 14.0% during the fourth quarter. Barclays PLC now owns 198,075 shares of the company’s stock worth $275,000 after buying an additional 24,371 shares during the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLNK shares. Stifel Nicolaus decreased their price target on shares of Blink Charging from $3.50 to $2.00 and set a “hold” rating for the company in a report on Wednesday, March 26th. Needham & Company LLC restated a “hold” rating on shares of Blink Charging in a report on Tuesday. Barclays decreased 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. Roth Mkm restated a “buy” rating and set a $3.00 price target (down from $4.00) on shares of Blink Charging in a report on Friday, March 14th. Finally, HC Wainwright decreased their price target on shares of Blink Charging from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.61.

Blink Charging Stock Up 5.0%

Shares of BLNK opened at $0.75 on Friday. The stock has a market cap of $76.73 million, a price-to-earnings ratio of -0.49 and a beta of 3.34. Blink Charging Co. has a 12 month low of $0.63 and a 12 month high of $3.75. The company has a 50-day moving average price of $0.82 and a two-hundred day moving average price of $1.22.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The business had revenue of $20.75 million for the quarter, compared to the consensus estimate of $27.60 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. Equities research analysts expect that Blink Charging Co. will post -0.64 EPS for the current fiscal year.

Blink Charging Company Profile

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.