Stock Traders Purchase High Volume of Call Options on Blink Charging (NASDAQ:BLNK)

Blink Charging Co. (NASDAQ:BLNK) was the target of unusually large options trading on Wednesday. Stock investors purchased 4,620 call options on the company. This is an increase of 276% compared to the typical volume of 1,230 call options.

Institutional Investors Weigh In On Blink Charging

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Blink Charging during the 3rd quarter valued at $31,000. Squarepoint Ops LLC purchased a new stake in shares of Blink Charging in the third quarter valued at $33,000. Ethic Inc. purchased a new stake in shares of Blink Charging in the third quarter valued at $35,000. Engineers Gate Manager LP lifted its holdings in shares of Blink Charging by 58.8% in the second quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after purchasing an additional 10,851 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Blink Charging in the third quarter valued at $59,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analyst Upgrades and Downgrades

BLNK has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Blink Charging in a report on Friday, January 9th. Wall Street Zen lowered Blink Charging from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.33.

Blink Charging Stock Performance

Shares of NASDAQ:BLNK opened at $0.83 on Thursday. Blink Charging has a one year low of $0.45 and a one year high of $2.65. The stock has a fifty day moving average of $0.64 and a 200-day moving average of $1.01. The company has a market capitalization of $118.49 million, a PE ratio of -1.05 and a beta of 1.83.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.