Blink Charging (NASDAQ:BLNK) Receives New Coverage from Analysts at B. Riley

B. Riley began coverage on shares of Blink Charging (NASDAQ:BLNK – Get Rating) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “neutral” rating and a $15.00 price target on the stock. B. Riley’s target price indicates a potential upside of 3.73% from the company’s current price.

BLNK has been the subject of a number of other reports. Tudor Pickering started coverage on shares of Blink Charging in a research note on Thursday, April 21st. They issued a “hold” rating and a $24.00 price objective for the company. Needham & Company LLC upped their target price on shares of Blink Charging from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. Tudor, Pickering, Holt & Co. initiated coverage on shares of Blink Charging in a research report on Thursday, April 21st. They set a “hold” rating and a $24.00 target price for the company. Stifel Nicolaus dropped their target price on shares of Blink Charging from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 15th. Finally, DA Davidson dropped their target price on shares of Blink Charging from $26.00 to $17.00 in a research report on Friday, May 13th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Blink Charging presently has an average rating of “Hold” and a consensus price target of $30.22.

Shares of NASDAQ BLNK opened at $14.46 on Friday. The firm has a fifty day moving average price of $18.30 and a 200-day moving average price of $23.01. The stock has a market cap of $618.02 million, a PE ratio of -9.70 and a beta of 3.60. Blink Charging has a 1 year low of $13.60 and a 1 year high of $49.00.

Blink Charging (NASDAQ:BLNK – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.04. The firm had revenue of $9.80 million during the quarter, compared to analysts’ expectations of $6.81 million. Blink Charging had a negative net margin of 220.64% and a negative return on equity of 28.84%. The company’s revenue for the quarter was up 345.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) earnings per share. On average, sell-side analysts expect that Blink Charging will post -1.53 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Blink Charging in the fourth quarter valued at $268,000. Hilltop Holdings Inc. raised its stake in shares of Blink Charging by 20.2% in the fourth quarter. Hilltop Holdings Inc. now owns 14,138 shares of the company’s stock valued at $375,000 after acquiring an additional 2,378 shares during the period. EFG Asset Management North America Corp. purchased a new stake in shares of Blink Charging in the fourth quarter valued at $917,000. Toroso Investments LLC raised its stake in shares of Blink Charging by 25.7% in the third quarter. Toroso Investments LLC now owns 38,775 shares of the company’s stock valued at $1,109,000 after acquiring an additional 7,916 shares during the period. Finally, Capital Impact Advisors LLC purchased a new stake in shares of Blink Charging in the fourth quarter valued at $227,000. 37.12% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Company Profile (Get Rating)

Blink Charging Co, through its subsidiaries, owns, operates, 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.

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