Brokerages Set Blink Charging Co. (NASDAQ:BLNK) PT at $29.67

Shares of Blink Charging Co. (NASDAQ:BLNKGet Rating) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.67.

BLNK has been the topic of a number of research analyst reports. DA Davidson raised their price objective on shares of Blink Charging to $19.00 in a report on Monday, August 15th. Stifel Nicolaus lifted their target price on shares of Blink Charging from $19.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 16th. Needham & Company LLC boosted their price objective on shares of Blink Charging from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. Finally, B. Riley started coverage on shares of Blink Charging in a research report on Friday, June 17th. They issued a “neutral” rating and a $15.00 target price for the company.

Blink Charging Stock Performance

Shares of NASDAQ BLNK traded down $0.24 during mid-day trading on Thursday, hitting $19.96. 835,414 shares of the stock were exchanged, compared to its average volume of 1,200,346. The stock’s fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $20.44. Blink Charging has a twelve month low of $13.60 and a twelve month high of $49.00.

Insiders Place Their Bets

In other news, Director Jack Levine acquired 6,000 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was bought at an average cost of $18.18 per share, for a total transaction of $109,080.00. Following the completion of the transaction, the director now owns 110,996 shares of the company’s stock, valued at $2,017,907.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jack Levine bought 6,000 shares of the stock in a transaction that occurred on Friday, June 24th. The shares were acquired at an average cost of $18.18 per share, with a total value of $109,080.00. Following the completion of the purchase, the director now directly owns 110,996 shares of the company’s stock, valued at approximately $2,017,907.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Aviv Hillo sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $23.77, for a total transaction of $237,700.00. Following the completion of the sale, the general counsel now directly owns 115,026 shares in the company, valued at $2,734,168.02. The disclosure for this sale can be found here. Insiders sold 31,630 shares of company stock worth $733,784 over the last quarter. 16.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its position in shares of Blink Charging by 14,328.6% during the first quarter. Hexagon Capital Partners LLC now owns 1,010 shares of the company’s stock valued at $27,000 after purchasing an additional 1,003 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Blink Charging by 5,666.7% in the second quarter. Wolff Wiese Magana LLC now owns 1,730 shares of the company’s stock worth $29,000 after acquiring an additional 1,700 shares during the period. San Luis Wealth Advisors LLC bought a new stake in shares of Blink Charging in the first quarter worth approximately $49,000. Lazard Asset Management LLC bought a new stake in shares of Blink Charging in the second quarter worth approximately $52,000. Finally, Concourse Financial Group Securities Inc. boosted its holdings in shares of Blink Charging by 753.2% in the first quarter. Concourse Financial Group Securities Inc. now owns 2,005 shares of the company’s stock worth $53,000 after buying an additional 1,770 shares during the last quarter. 36.30% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Blink Charging (NASDAQ:BLNK)

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