Blink Charging (NASDAQ:BLNK) Trading 6.1% Higher

Shares of Blink Charging Co. (NASDAQ:BLNKGet Rating) shot up 6.1% during mid-day trading on Friday . The company traded as high as $13.05 and last traded at $13.03. 13,048 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 1,180,900 shares. The stock had previously closed at $12.28.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BLNK shares. B. Riley lowered their price objective on Blink Charging from $15.00 to $14.00 in a research report on Monday, November 7th. Needham & Company LLC lowered their price target on shares of Blink Charging from $27.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 20th. DA Davidson reduced their price objective on shares of Blink Charging to $14.00 in a report on Tuesday, November 15th. Finally, Cowen lowered their target price on shares of Blink Charging to $16.00 in a research note on Tuesday, November 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.00.

Blink Charging Stock Up 7.1 %

The company has a market cap of $668.87 million, a price-to-earnings ratio of -7.15 and a beta of 3.05. The business’s fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $16.56.

Blink Charging (NASDAQ:BLNKGet Rating) last posted its earnings results on Tuesday, November 8th. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.01. Blink Charging had a negative net margin of 177.24% and a negative return on equity of 30.97%. The firm had revenue of $17.25 million for the quarter, compared to the consensus estimate of $15.15 million. Sell-side analysts predict that Blink Charging Co. will post -1.64 EPS for the current fiscal year.

Insider Transactions at Blink Charging

In other news, Director Jack Levine bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The stock was purchased at an average cost of $10.22 per share, with a total value of $102,200.00. Following the transaction, the director now directly owns 131,641 shares in the company, valued at $1,345,371.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC raised its position in Blink Charging by 7.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,679 shares of the company’s stock worth $225,000 after buying an additional 902 shares during the last quarter. Spire Wealth Management raised its holdings in Blink Charging by 16.1% during the second quarter. Spire Wealth Management now owns 7,144 shares of the company’s stock worth $118,000 after purchasing an additional 992 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Blink Charging by 4.0% in the 3rd quarter. ETF Managers Group LLC now owns 25,895 shares of the company’s stock valued at $459,000 after purchasing an additional 1,004 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Blink Charging by 4.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 29,896 shares of the company’s stock worth $494,000 after purchasing an additional 1,205 shares during the period. Finally, Cetera Advisor Networks LLC raised its stake in shares of Blink Charging by 9.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 16,048 shares of the company’s stock worth $266,000 after buying an additional 1,375 shares in the last quarter. 27.62% 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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