Dimensional Fund Advisors LP Takes Position in Blink Charging Co. (NASDAQ:BLNK)

Dimensional Fund Advisors LP bought a new stake in Blink Charging Co. (NASDAQ:BLNK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 56,851 shares of the company’s stock, valued at approximately $79,000. Dimensional Fund Advisors LP owned 0.06% of Blink Charging as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Blink Charging by 19.4% during the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock valued at $1,373,000 after buying an additional 160,251 shares during the last quarter. Barclays PLC increased its holdings in shares of Blink Charging by 238.4% in the 3rd quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after purchasing an additional 122,367 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Blink Charging by 14.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock worth $1,301,000 after purchasing an additional 116,758 shares in the last quarter. Swedbank AB increased its holdings in shares of Blink Charging by 45.2% in the 4th quarter. Swedbank AB now owns 327,552 shares of the company’s stock worth $455,000 after purchasing an additional 102,036 shares in the last quarter. Finally, PEAK6 LLC bought a new stake in shares of Blink Charging in the 4th quarter worth $139,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

BLNK has been the subject of a number of research analyst reports. Benchmark reduced their target price on Blink Charging from $5.00 to $2.00 and set a “buy” rating for the company in a report on Friday, March 14th. Stifel Nicolaus reduced their target price on Blink Charging from $3.50 to $2.00 and set a “hold” rating for the company in a report on Wednesday, March 26th. Barclays reduced their target price on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a report on Tuesday, May 13th. Finally, HC Wainwright cut their price objective on Blink Charging from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.61.

Blink Charging Stock Performance

NASDAQ BLNK opened at $0.75 on Monday. The company has a market capitalization of $76.73 million, a PE ratio of -0.49 and a beta of 3.34. The business’s fifty day moving average is $0.82 and its 200 day moving average is $1.21. Blink Charging Co. has a fifty-two week low of $0.63 and a fifty-two week high of $3.75.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Monday, May 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The company had revenue of $20.75 million for the quarter, compared to analysts’ expectations of $27.60 million. On average, sell-side analysts forecast that Blink Charging Co. will post -0.64 EPS for the current 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.