Deutsche Bank AG Purchases 18,771 Shares of Blink Charging Co. (NASDAQ:BLNK)

Deutsche Bank AG lifted its position in Blink Charging Co. (NASDAQ:BLNK) by 23.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,906 shares of the company’s stock after acquiring an additional 18,771 shares during the period. Deutsche Bank AG owned 0.10% of Blink Charging worth $137,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Blink Charging by 19.4% in the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock worth $1,373,000 after acquiring an additional 160,251 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock valued at $1,301,000 after buying an additional 116,758 shares in the last quarter. Northern Trust Corp increased its position in Blink Charging by 1.7% during the 4th quarter. Northern Trust Corp now owns 794,156 shares of the company’s stock valued at $1,104,000 after buying an additional 13,336 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Blink Charging by 30.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 291,675 shares of the company’s stock valued at $405,000 after buying an additional 68,027 shares in the last quarter. Finally, Barclays PLC increased its position in Blink Charging by 14.0% during the 4th quarter. Barclays PLC now owns 198,075 shares of the company’s stock valued at $275,000 after buying an additional 24,371 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

BLNK has been the subject of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $3.00 price objective (down previously from $4.00) on shares of Blink Charging in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a research report on Tuesday, May 13th. Benchmark reduced their price objective on Blink Charging from $5.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Barclays reduced their price objective on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group reduced their target price on Blink Charging from $1.00 to $0.80 and set a “neutral” rating for the company in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.47.

Blink Charging Trading Up 11.0%

Blink Charging stock opened at $0.79 on Wednesday. The firm has a market cap of $81.15 million, a price-to-earnings ratio of -0.52 and a beta of 3.34. The stock has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $1.12. Blink Charging Co. has a 12 month low of $0.63 and a 12 month high of $3.75.

Blink Charging (NASDAQ:BLNK) last posted its 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 during 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%. On average, equities research analysts forecast that Blink Charging Co. will post -0.64 EPS for the current fiscal year.

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.