Blink Charging Co. (NASDAQ:BLNK) Receives $2.13 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Blink Charging Co. (NASDAQ:BLNK – Get Free Report) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.1333.

BLNK has been the topic of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Blink Charging in a report on Tuesday, October 14th. Zacks Research raised shares of Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Blink Charging from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Read Our Latest Report on BLNK

Blink Charging Trading Up 10.9%

Shares of Blink Charging stock opened at $0.74 on Friday. The company has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.24. Blink Charging has a 12-month low of $0.63 and a 12-month high of $2.65. The stock has a market cap of $84.75 million, a PE ratio of -0.60 and a beta of 1.78.

Blink Charging (NASDAQ:BLNK – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Blink Charging had a negative return on equity of 74.28% and a negative net margin of 118.41%.The business had revenue of $27.03 million for the quarter, compared to analysts’ expectations of $30.08 million. On average, sell-side analysts forecast that Blink Charging will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at Blink Charging

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

Institutional Investors Weigh In On Blink Charging

A number of large investors have recently bought and sold shares of BLNK. UBS Group AG increased its position in Blink Charging by 67.9% during the third quarter. UBS Group AG now owns 2,364,562 shares of the company’s stock worth $3,878,000 after buying an additional 956,556 shares in the last quarter. AQR Capital Management LLC increased its position in Blink Charging by 8,386.8% during the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock worth $812,000 after purchasing an additional 873,989 shares in the last quarter. General Motors Holdings LLC purchased a new stake in Blink Charging during the 3rd quarter worth about $1,248,000. Nuveen LLC acquired a new position in Blink Charging in the 1st quarter valued at about $506,000. Finally, XTX Topco Ltd acquired a new position in Blink Charging in the 2nd quarter valued at about $384,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Company Profile

(Get Free Report)

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.

See Also