Blink Charging Co. (NASDAQ:BLNK) Receives $2.33 Consensus Target Price from Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2.3333.

Several analysts have issued reports on BLNK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Blink Charging in a report on Friday, January 9th. Wall Street Zen lowered shares of Blink Charging from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th.

Hedge Funds Weigh In On Blink Charging

A number of large investors have recently made changes to their positions in BLNK. J. Derek Lewis & Associates Inc. purchased a new stake in Blink Charging during the 4th quarter worth approximately $30,000. Sabby Management LLC acquired a new position in shares of Blink Charging in the 4th quarter valued at $1,418,000. Kestra Advisory Services LLC raised its position in Blink Charging by 60.5% during the fourth quarter. Kestra Advisory Services LLC now owns 50,248 shares of the company’s stock worth $34,000 after acquiring an additional 18,950 shares during the period. State of Wyoming acquired a new position in Blink Charging during the fourth quarter worth $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Blink Charging during the fourth quarter worth $211,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Blink Charging Price Performance

Shares of BLNK opened at $0.86 on Friday. Blink Charging has a one year low of $0.45 and a one year high of $2.65. The firm has a market capitalization of $123.32 million, a P/E ratio of -1.09 and a beta of 1.99. The business has a fifty day moving average of $0.65 and a 200 day moving average of $0.92.

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.