Blink Charging (NASDAQ:BLNK) Receives “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Blink Charging (NASDAQ:BLNK) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $5.00 price target on the stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Blink Charging from $2.00 to $1.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Blink Charging in a research note on Tuesday, May 13th. Finally, Barclays dropped their price objective on shares of Blink Charging from $1.50 to $1.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.13.

Blink Charging Trading Down 9.7%

NASDAQ:BLNK opened at $0.9301 on Tuesday. The firm has a market cap of $95.54 million, a price-to-earnings ratio of -0.44 and a beta of 2.96. The company’s 50-day moving average is $0.96 and its two-hundred day moving average is $0.91. Blink Charging has a 12-month low of $0.63 and a 12-month high of $2.32.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Monday, August 18th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The firm had revenue of $28.67 million during the quarter, compared to analysts’ expectations of $22.46 million. Blink Charging had a negative net margin of 203.81% and a negative return on equity of 55.34%. On average, equities research analysts forecast that Blink Charging will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Blink Charging

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP increased its position in Blink Charging by 58.8% during the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after purchasing an additional 10,851 shares in the last quarter. Millennium Management LLC acquired a new stake in Blink Charging during the 4th quarter worth approximately $43,000. Cerity Partners LLC acquired a new stake in Blink Charging during the 1st quarter worth approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Blink Charging during the 1st quarter worth approximately $30,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Blink Charging during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.