Blink Charging Co. (NASDAQ:BLNK) Given Average Recommendation of “Hold” by Analysts

Shares of Blink Charging Co. (NASDAQ:BLNK) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.1333.

Several research firms have recently commented on BLNK. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a research note on Friday, January 9th.

Blink Charging Stock Performance

Shares of BLNK stock opened at $0.68 on Monday. Blink Charging has a 52 week low of $0.63 and a 52 week high of $2.65. The company has a market capitalization of $77.43 million, a price-to-earnings ratio of -0.54 and a beta of 1.83. The company has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $1.19.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, CFO Michael Bercovich bought 65,333 shares of Blink Charging stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $0.77 per share, with a total value of $50,306.41. Following the completion of the transaction, the chief financial officer owned 188,563 shares in the company, valued at $145,193.51. The trade was a 53.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Blink Charging

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sabby Management LLC acquired a new position in shares of Blink Charging during the 4th quarter worth approximately $1,418,000. Squarepoint Ops LLC raised its position in shares of Blink Charging by 296.8% in the fourth quarter. Squarepoint Ops LLC now owns 80,492 shares of the company’s stock valued at $54,000 after buying an additional 60,208 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Blink Charging in the fourth quarter valued at approximately $177,000. Kestra Advisory Services LLC grew 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 buying an additional 18,950 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Blink Charging during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

About Blink Charging

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.