Blink Charging (NASDAQ:BLNK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blink Charging (NASDAQ:BLNK) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Barclays cut their price target on shares of Blink Charging from $1.50 to $1.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Zacks Research upgraded Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blink Charging in a report on Tuesday, October 14th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.13.

Blink Charging Price Performance

Shares of NASDAQ:BLNK opened at $1.62 on Friday. The business has a fifty day moving average price of $1.66 and a 200-day moving average price of $1.17. The company has a market capitalization of $185.60 million, a PE ratio of -0.77 and a beta of 3.50. Blink Charging has a 1-year low of $0.63 and a 1-year high of $2.65.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $27.03 million for the quarter, compared to analysts’ expectations of $30.08 million. Blink Charging had a negative net margin of 203.81% and a negative return on equity of 63.06%. On average, sell-side analysts anticipate that Blink Charging will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Blink Charging

A number of hedge funds have recently bought and sold shares of BLNK. Vanguard Group Inc. boosted its position in Blink Charging by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock worth $7,722,000 after purchasing an additional 282,515 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Blink Charging by 20.1% in the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company’s stock worth $1,088,000 after purchasing an additional 198,350 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Blink Charging by 8,386.8% in the first quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock worth $812,000 after buying an additional 873,989 shares during the last quarter. Nuveen LLC bought a new stake in Blink Charging during the first quarter valued at approximately $506,000. Finally, XTX Topco Ltd purchased a new stake in Blink Charging during the second quarter valued at approximately $384,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.