Toroso Investments LLC Has $876,000 Stock Holdings in Blink Charging Co. (NASDAQ:BLNK)

Toroso Investments LLC lessened its holdings in shares of Blink Charging Co. (NASDAQ:BLNK – Get Rating) by 15.5% in the third quarter, Holdings Channel.com reports. The fund owned 49,425 shares of the company’s stock after selling 9,077 shares during the quarter. Toroso Investments LLC’s holdings in Blink Charging were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Blink Charging by 0.5% during the third quarter. BlackRock Inc. now owns 2,632,649 shares of the company’s stock worth $46,651,000 after purchasing an additional 13,972 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blink Charging by 14.9% during the third quarter. Vanguard Group Inc. now owns 2,177,441 shares of the company’s stock worth $38,585,000 after purchasing an additional 282,801 shares in the last quarter. State Street Corp boosted its position in shares of Blink Charging by 2.4% during the first quarter. State Street Corp now owns 1,258,312 shares of the company’s stock worth $33,295,000 after purchasing an additional 29,917 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Blink Charging by 14.7% during the third quarter. First Trust Advisors LP now owns 341,687 shares of the company’s stock worth $6,055,000 after purchasing an additional 43,751 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Blink Charging by 3.5% during the first 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 in the last quarter. Institutional investors and hedge funds own 27.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BLNK. HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Blink Charging in a research report on Wednesday, March 1st. Needham & Company LLC initiated coverage on shares of Blink Charging in a report on Thursday, March 2nd. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.88.

Blink Charging Stock Down 2.6 %

Shares of NASDAQ:BLNK opened at $7.52 on Friday. Blink Charging Co. has a 12 month low of $7.42 and a 12 month high of $29.99. The company’s fifty day simple moving average is $11.11 and its 200 day simple moving average is $13.71. The firm has a market cap of $453.94 million, a price-to-earnings ratio of -3.88 and a beta of 3.11.

Insider Buying and Selling

In other Blink Charging 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 acquired at an average price of $10.22 per share, with a total value of $102,200.00. Following the completion of the transaction, the director now owns 131,641 shares in the company, valued at $1,345,371.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Blink Charging 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 acquired at an average price of $10.22 per share, with a total value of $102,200.00. Following the completion of the transaction, the director now owns 131,641 shares in the company, valued at $1,345,371.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael D. Farkas sold 143,634 shares of the firm’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $10.81, for a total transaction of $1,552,683.54. Following the completion of the transaction, the chief executive officer now directly owns 1,884,433 shares of the company’s stock, valued at approximately $20,370,720.73. The disclosure for this sale can be found here. 16.90% of the stock is currently owned by company insiders.

Blink Charging Company Profile

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Blink Charging Co engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. Its product line and services include the Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D.