Blink Charging Co. (NASDAQ:BLNK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Blink Charging Co. (NASDAQ:BLNK) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $5.64.

A number of research firms have issued reports on BLNK. Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research report on Wednesday. Finally, UBS Group cut Blink Charging from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.00 to $2.00 in a research report on Thursday, November 14th.

Blink Charging Price Performance

BLNK stock opened at $1.47 on Friday. The company has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $2.01. Blink Charging has a one year low of $1.38 and a one year high of $3.75. The stock has a market cap of $148.73 million, a price-to-earnings ratio of -0.97 and a beta of 2.61.

Hedge Funds Weigh In On Blink Charging

Several hedge funds and other institutional investors have recently modified their holdings of BLNK. AQR Capital Management LLC increased its position in shares of Blink Charging by 224.9% during the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after buying an additional 557,336 shares during the period. Geode Capital Management LLC increased its position in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after buying an additional 222,949 shares during the period. Bank of New York Mellon Corp grew its holdings in Blink Charging by 108.4% in the second quarter. Bank of New York Mellon Corp now owns 403,952 shares of the company’s stock worth $1,107,000 after purchasing an additional 210,116 shares during the period. Stifel Financial Corp grew its holdings in Blink Charging by 14.7% in the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after purchasing an additional 180,027 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Blink Charging in the third quarter worth about $213,000. Hedge funds and other 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.