Blink Charging Co. (NASDAQ:BLNK) Receives Average Rating of “Hold” from Analysts

Blink Charging Co. (NASDAQ:BLNK) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.1333.

Several analysts recently commented on BLNK shares. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a research note on Friday, January 9th. Finally, Zacks Research upgraded shares of Blink Charging from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, CFO Michael Bercovich bought 65,333 shares of Blink Charging stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of $0.77 per share, with a total value of $50,306.41. Following the acquisition, the chief financial officer directly owned 188,563 shares of the company’s stock, valued at $145,193.51. The trade was a 53.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Blink Charging

A number of institutional investors and hedge funds have recently bought and sold shares of BLNK. State Street Corp grew its holdings in shares of Blink Charging by 1,256.4% during the fourth quarter. State Street Corp now owns 6,667,077 shares of the company’s stock worth $4,447,000 after purchasing an additional 6,175,566 shares during the last quarter. Renaissance Technologies LLC lifted its position in Blink Charging by 227.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,553,484 shares of the company’s stock worth $1,703,000 after buying an additional 1,773,109 shares in the last quarter. UBS Group AG grew its holdings in Blink Charging by 67.9% during the 3rd quarter. UBS Group AG now owns 2,364,562 shares of the company’s stock worth $3,878,000 after acquiring an additional 956,556 shares during the last quarter. AQR Capital Management LLC increased its position in Blink Charging by 8,386.8% in the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock valued at $812,000 after acquiring an additional 873,989 shares in the last quarter. Finally, General Motors Holdings LLC bought a new position in shares of Blink Charging in the third quarter worth about $1,248,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Stock Up 4.5%

NASDAQ:BLNK opened at $0.69 on Monday. The firm has a market capitalization of $79.07 million, a PE ratio of -0.56 and a beta of 1.83. Blink Charging has a 12-month low of $0.63 and a 12-month high of $2.65. The firm has a 50-day moving average price of $0.78 and a 200 day moving average price of $1.20.

Blink Charging Company Profile

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.