Two Sigma Investments LP Purchases Shares of 77,117 Blink Charging Co. (NASDAQ:BLNK)

Two Sigma Investments LP acquired a new position in Blink Charging Co. (NASDAQ:BLNK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 77,117 shares of the company’s stock, valued at approximately $107,000. Two Sigma Investments LP owned approximately 0.08% of Blink Charging at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in Blink Charging in the fourth quarter worth approximately $43,000. Cubist Systematic Strategies LLC bought a new stake in shares of Blink Charging in the 4th quarter worth approximately $57,000. Intech Investment Management LLC lifted its holdings 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 worth $68,000 after acquiring an additional 18,110 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Blink Charging in the 4th quarter valued at $79,000. Finally, Deutsche Bank AG grew its holdings in shares of Blink Charging by 23.4% during the 4th quarter. Deutsche Bank AG now owns 98,906 shares of the company’s stock valued at $137,000 after purchasing an additional 18,771 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors.

Blink Charging Stock Performance

Shares of BLNK stock opened at $0.92 on Friday. Blink Charging Co. has a fifty-two week low of $0.63 and a fifty-two week high of $3.75. The firm has a market cap of $94.58 million, a P/E ratio of -0.61 and a beta of 3.28. The business’s 50 day moving average price is $0.76 and its 200-day moving average price is $1.09.

Blink Charging (NASDAQ:BLNK) last released its quarterly 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 during the quarter, compared to the consensus estimate of $27.60 million. As a group, equities analysts predict that Blink Charging Co. will post -0.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BLNK. UBS Group cut their price target on shares of Blink Charging from $1.00 to $0.80 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Needham & Company LLC restated a “hold” rating on shares of Blink Charging in a report on Tuesday, May 13th. HC Wainwright reduced their price target on Blink Charging from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Benchmark lowered 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. Finally, Roth Mkm restated a “buy” rating and issued a $3.00 target price (down previously from $4.00) on shares of Blink Charging in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.47.

Blink Charging 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.