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

Blink Charging Co. (NASDAQ:BLNK) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1.95.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a report on Friday, January 9th.

Blink Charging Stock Performance

Shares of NASDAQ BLNK opened at $0.63 on Friday. The stock has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $1.16. The firm has a market cap of $72.36 million, a P/E ratio of -0.51 and a beta of 1.85. Blink Charging has a 1 year low of $0.63 and a 1 year high of $2.65.

Institutional Investors Weigh In On Blink Charging

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Catalyst Funds Management Pty Ltd acquired a new position in shares of Blink Charging in the 2nd quarter worth approximately $42,000. Vanguard Group Inc. lifted its stake in Blink Charging by 6.4% during the third quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock valued at $7,722,000 after purchasing an additional 282,515 shares during the last quarter. State Street Corp lifted its stake in Blink Charging by 1,256.4% during the fourth quarter. State Street Corp now owns 6,667,077 shares of the company’s stock valued at $4,447,000 after purchasing an additional 6,175,566 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Blink Charging during the fourth quarter worth approximately $177,000. Finally, Virtu Financial LLC bought a new stake in Blink Charging during the fourth quarter worth approximately $141,000. 44.64% of the stock is owned by institutional investors and hedge funds.

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.