Brokerages Set Blink Charging Co. (NASDAQ:BLNK) PT at $5.09

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.09.

A number of brokerages recently issued reports on BLNK. UBS Group decreased their price objective on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Monday, January 27th. Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Finally, Barclays reduced their target price on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th.

Hedge Funds Weigh In On Blink Charging

A number of large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Blink Charging by 30.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 291,675 shares of the company’s stock valued at $405,000 after purchasing an additional 68,027 shares in the last quarter. American Century Companies Inc. lifted its stake in Blink Charging by 8.4% in the 4th quarter. American Century Companies Inc. now owns 130,783 shares of the company’s stock valued at $182,000 after acquiring an additional 10,123 shares in the last quarter. Intech Investment Management LLC boosted its position in Blink Charging by 59.5% during the 4th quarter. Intech Investment Management LLC now owns 48,569 shares of the company’s stock worth $68,000 after acquiring an additional 18,110 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Blink Charging by 14.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,866 shares of the company’s stock worth $1,301,000 after acquiring an additional 116,758 shares during the last quarter. Finally, Swedbank AB grew 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 acquiring an additional 102,036 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

Blink Charging Trading Up 0.9 %

Blink Charging stock opened at $1.07 on Thursday. The firm has a market capitalization of $108.26 million, a P/E ratio of -0.71 and a beta of 2.59. The business has a 50-day moving average of $1.43 and a 200-day moving average of $1.77. Blink Charging has a 1 year low of $0.92 and a 1 year high of $3.75.

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.