Cubist Systematic Strategies LLC Acquires New Shares in Blink Charging Co. (NASDAQ:BLNK)

Cubist Systematic Strategies LLC acquired 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 SEC. The institutional investor acquired 40,669 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Blink Charging by 59.5% in the 4th quarter. Intech Investment Management LLC now owns 48,569 shares of the company’s stock valued at $68,000 after buying an additional 18,110 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Blink Charging in the 4th quarter worth $79,000. PEAK6 LLC acquired a new position in Blink Charging in the 4th quarter worth $139,000. Caption Management LLC acquired a new position in Blink Charging in the 4th quarter worth $180,000. Finally, American Century Companies Inc. boosted its stake in Blink Charging by 8.4% in the 4th quarter. American Century Companies Inc. now owns 130,783 shares of the company’s stock worth $182,000 after purchasing an additional 10,123 shares during the period. Institutional investors own 44.64% of the company’s stock.

Blink Charging Price Performance

Shares of NASDAQ:BLNK opened at $0.73 on Tuesday. Blink Charging Co. has a 1 year low of $0.63 and a 1 year high of $3.75. The stock has a market capitalization of $75.08 million, a price-to-earnings ratio of -0.48 and a beta of 3.34. The company’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $1.20.

Blink Charging (NASDAQ:BLNK) last issued its earnings results on Monday, May 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $27.60 million. As a group, analysts anticipate that Blink Charging Co. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLNK has been the subject of a number of recent research reports. Benchmark reduced their price objective on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, March 14th. UBS Group lowered their price target on shares of Blink Charging from $1.00 to $0.80 and set a “neutral” rating on the stock in a report on Thursday, April 17th. HC Wainwright lowered their price target on shares of Blink Charging from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a report on Tuesday, May 13th. Finally, Stifel Nicolaus lowered their target price on shares of Blink Charging from $3.50 to $2.00 and set a “hold” rating on the stock in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Blink Charging has a consensus rating of “Hold” and an average price target of $2.61.

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.