United Advisor Group LLC Buys Shares of 19,850 Blink Charging Co. (NASDAQ:BLNK)

United Advisor Group LLC purchased a new position in Blink Charging Co. (NASDAQ:BLNK) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,850 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Blink Charging by 12.6% in the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after acquiring an additional 365,098 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Blink Charging by 224.9% in the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after purchasing an additional 557,336 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Blink Charging by 108.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 403,952 shares of the company’s stock valued at $1,107,000 after purchasing an additional 210,116 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Blink Charging during the 2nd quarter worth $843,000. Finally, Swedbank AB increased its position in Blink Charging by 57.0% in the third quarter. Swedbank AB now owns 225,516 shares of the company’s stock worth $388,000 after buying an additional 81,894 shares during the period. 44.64% of the stock is owned by institutional investors and hedge funds.

Blink Charging Price Performance

Blink Charging stock opened at $1.91 on Thursday. Blink Charging Co. has a 12-month low of $1.53 and a 12-month high of $4.66. The stock has a market capitalization of $193.20 million, a PE ratio of -0.79 and a beta of 2.65. The firm has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $2.51.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. The firm had revenue of $33.26 million for the quarter, compared to the consensus estimate of $38.90 million. During the same period in the previous year, the business posted ($0.44) earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts forecast that Blink Charging Co. will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLNK. Benchmark started coverage on shares of Blink Charging in a report on Wednesday, July 31st. They set a “buy” rating and a $5.00 price target for the company. Needham & Company LLC reduced their target price on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group dropped their price target on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus cut their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, HC Wainwright decreased their price objective on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Blink Charging currently has an average rating of “Moderate Buy” and a consensus price target of $5.79.

Insider Activity

In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was bought at an average cost of $1.70 per share, with a total value of $34,000.00. Following the acquisition, the director now owns 175,718 shares of the company’s stock, valued at $298,720.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the director now owns 175,718 shares in the company, valued at $298,720.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristina A. Peterson sold 24,077 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.

Blink Charging Profile

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.