Blink Charging Co. (NASDAQ:BLNK) Receives Consensus Rating of “Hold” from Analysts

Blink Charging Co. (NASDAQ:BLNK) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $3.00.

BLNK has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Blink Charging in a report on Friday, May 22nd. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a report on Saturday, May 16th.

Blink Charging Stock Up 0.9%

BLNK opened at $0.57 on Thursday. The firm has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.70. Blink Charging has a twelve month low of $0.45 and a twelve month high of $2.65. The company has a market capitalization of $82.50 million, a price-to-earnings ratio of -0.86 and a beta of 2.03.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $20.78 million for the quarter, compared to analysts’ expectations of $21.70 million. Blink Charging had a negative net margin of 73.75% and a negative return on equity of 83.40%. On average, sell-side analysts expect that Blink Charging will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Blink Charging

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Blink Charging by 8,386.8% during the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock valued at $812,000 after buying an additional 873,989 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Blink Charging in the second quarter worth about $119,000. Jump Financial LLC purchased a new stake in shares of Blink Charging in the second quarter worth about $60,000. Engineers Gate Manager LP boosted its position in shares of Blink Charging by 58.8% in the second quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after acquiring an additional 10,851 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Blink Charging by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock valued at $7,722,000 after acquiring an additional 282,515 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.