Blink Charging Co. (NASDAQ:BLNK) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Blink Charging Co. (NASDAQ:BLNKGet Rating) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 20,219 shares of the company’s stock after selling 882 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blink Charging were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp increased its stake in shares of Blink Charging by 2.4% during the 1st quarter. State Street Corp now owns 1,258,312 shares of the company’s stock valued at $33,295,000 after acquiring an additional 29,917 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Blink Charging by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 265,891 shares of the company’s stock worth $7,036,000 after purchasing an additional 8,929 shares during the period. Swiss National Bank grew its holdings in shares of Blink Charging by 7.9% during the 1st quarter. Swiss National Bank now owns 89,800 shares of the company’s stock worth $2,376,000 after purchasing an additional 6,600 shares during the period. Versor Investments LP grew its holdings in shares of Blink Charging by 453.5% during the 2nd quarter. Versor Investments LP now owns 58,220 shares of the company’s stock worth $962,000 after purchasing an additional 47,702 shares during the period. Finally, Toroso Investments LLC grew its holdings in shares of Blink Charging by 29.7% during the 1st quarter. Toroso Investments LLC now owns 56,100 shares of the company’s stock worth $1,484,000 after purchasing an additional 12,834 shares during the period. Institutional investors and hedge funds own 36.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLNK. Stifel Nicolaus boosted their target price on 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 decreased their target price on Blink Charging from $27.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 20th. Cowen decreased their target price on Blink Charging to $16.00 in a report on Tuesday, November 15th. DA Davidson decreased their target price on Blink Charging to $14.00 in a report on Tuesday, November 15th. Finally, B. Riley decreased their price target on Blink Charging from $15.00 to $14.00 in a report on Monday, November 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.63.

Blink Charging Stock Up 1.1 %

NASDAQ BLNK opened at $14.02 on Friday. The stock has a market cap of $713.20 million, a PE ratio of -7.62 and a beta of 3.09. Blink Charging Co. has a fifty-two week low of $11.70 and a fifty-two week high of $45.06. The business has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $17.76.

Insiders Place Their Bets

In other Blink Charging news, General Counsel Aviv Hillo sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $18.45, for a total value of $184,500.00. Following the completion of the transaction, the general counsel now owns 105,026 shares in the company, valued at approximately $1,937,729.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Aviv Hillo sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $18.45, for a total transaction of $184,500.00. Following the completion of the transaction, the general counsel now directly owns 105,026 shares in the company, valued at approximately $1,937,729.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Board Member Mahidhar Reddy sold 10,815 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $21.98, for a total value of $237,713.70. Following the transaction, the insider now owns 188,919 shares of the company’s stock, valued at $4,152,439.62. The disclosure for this sale can be found here. Insiders sold a total of 41,630 shares of company stock worth $918,284 in the last 90 days. 16.90% of the stock is owned by company insiders.

About Blink Charging

(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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Institutional Ownership by Quarter for Blink Charging (NASDAQ:BLNK)

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