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

Shares of Blink Charging Co. (NASDAQ:BLNK) have been assigned an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.1333.

Several analysts have recently issued reports on BLNK shares. Wall Street Zen upgraded shares of Blink Charging from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blink Charging in a report on Friday, January 9th.

Insider Activity

In other news, CFO Michael Bercovich purchased 65,333 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of $0.77 per share, for a total transaction of $50,306.41. Following the acquisition, the chief financial officer owned 188,563 shares of the company’s stock, valued at approximately $145,193.51. This trade represents a 53.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP lifted its stake in Blink Charging by 58.8% in the second quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after acquiring an additional 10,851 shares during the period. State of Wyoming purchased a new position in Blink Charging during the fourth quarter valued at approximately $29,000. R Squared Ltd bought a new position in Blink Charging in the third quarter worth approximately $31,000. Squarepoint Ops LLC purchased a new stake in Blink Charging during the third quarter worth $33,000. Finally, Kestra Advisory Services LLC boosted its position in Blink Charging by 60.5% during the 4th quarter. Kestra Advisory Services LLC now owns 50,248 shares of the company’s stock valued at $34,000 after acquiring an additional 18,950 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

Blink Charging Stock Up 3.3%

BLNK opened at $0.69 on Monday. The company has a market capitalization of $79.30 million, a PE ratio of -0.56 and a beta of 1.83. Blink Charging has a 52 week low of $0.63 and a 52 week high of $2.65. The firm has a 50-day simple moving average of $0.76 and a two-hundred day simple moving average of $1.19.

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.