Blink Charging (NASDAQ:BLNK) Given New $1.50 Price Target at Barclays

Blink Charging (NASDAQ:BLNK) had its price target reduced by analysts at Barclays from $3.00 to $1.50 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 27.12% from the company’s current price.

Several other research analysts also recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. UBS Group reduced their price target on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.09.

Blink Charging Trading Down 3.3 %

BLNK opened at $1.18 on Tuesday. Blink Charging has a 1-year low of $1.15 and a 1-year high of $3.75. The firm has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $1.86. The stock has a market capitalization of $119.39 million, a PE ratio of -0.78 and a beta of 2.61.

Institutional Investors Weigh In On Blink Charging

Several large investors have recently modified their holdings of BLNK. Geode Capital Management LLC boosted 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 worth $3,982,000 after buying an additional 222,949 shares during the period. Stifel Financial Corp boosted its holdings in Blink Charging by 14.7% during 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 last quarter. Charles Schwab Investment Management Inc. increased its stake in Blink Charging by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after buying an additional 79,969 shares during the last quarter. AQR Capital Management LLC lifted its position in Blink Charging by 224.9% during the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after buying an additional 557,336 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Blink Charging by 45.2% during the 4th quarter. Swedbank AB now owns 327,552 shares of the company’s stock worth $455,000 after buying an additional 102,036 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors.

Blink Charging Company 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.