UBS Group Lowers Blink Charging (NASDAQ:BLNK) Price Target to $4.50

Blink Charging (NASDAQ:BLNK) had its price target decreased by UBS Group from $7.00 to $4.50 in a research report released on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Needham & Company LLC dropped their price target on Blink Charging from $7.00 to $5.00 and set a buy rating for the company in a report on Friday, May 10th. DA Davidson reissued a neutral rating and set a $5.00 price target on shares of Blink Charging in a report on Friday, March 15th. HC Wainwright dropped their price target on Blink Charging from $25.00 to $15.00 and set a buy rating for the company in a report on Monday, March 18th. Stifel Nicolaus restated a hold rating and set a $4.00 price objective on shares of Blink Charging in a research note on Thursday, May 16th. Finally, Roth Mkm lowered their price objective on Blink Charging from $25.00 to $12.00 and set a buy rating on the stock in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $7.50.

Blink Charging Stock Up 2.2 %

BLNK opened at $3.19 on Tuesday. Blink Charging has a 12-month low of $2.18 and a 12-month high of $7.26. The stock has a market cap of $322.15 million, a price-to-earnings ratio of -1.12 and a beta of 2.82. The business has a 50 day moving average of $2.76 and a 200-day moving average of $2.96.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.12. The company had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $43.63 million. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. As a group, analysts expect that Blink Charging will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Blink Charging

Hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC increased its stake in shares of Blink Charging by 2,961.0% in the 3rd quarter. Clearstead Advisors LLC now owns 9,183 shares of the company’s stock valued at $28,000 after purchasing an additional 8,883 shares during the last quarter. Pathstone Family Office LLC bought a new position in shares of Blink Charging in the 3rd quarter valued at $32,000. Stratos Wealth Partners LTD. bought a new position in shares of Blink Charging in the 4th quarter valued at $37,000. PNC Financial Services Group Inc. increased its stake in shares of Blink Charging by 112.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock valued at $33,000 after purchasing an additional 5,761 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in shares of Blink Charging in the 3rd quarter valued at $34,000. Institutional investors own 44.64% of the company’s stock.

About Blink Charging

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.