Stratos Wealth Partners LTD. Purchases New Holdings in Blink Charging Co. (NASDAQ:BLNK)

Stratos Wealth Partners LTD. purchased a new stake in shares of Blink Charging Co. (NASDAQ:BLNK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,778 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Blink Charging by 112.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company’s stock valued at $33,000 after purchasing an additional 5,761 shares in the last quarter. Teza Capital Management LLC bought a new stake in Blink Charging during the 3rd quarter valued at about $34,000. Invesco Ltd. increased its stake in Blink Charging by 35.8% during the 3rd quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock valued at $6,601,000 after purchasing an additional 568,417 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Blink Charging by 101.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 62,369 shares of the company’s stock valued at $191,000 after purchasing an additional 31,416 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Blink Charging during the 3rd quarter valued at about $146,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLNK has been the subject of a number of analyst reports. HC Wainwright reduced their price objective on shares of Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, March 18th. DA Davidson reiterated a “neutral” rating and issued a $5.00 price target on shares of Blink Charging in a research note on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Blink Charging in a research note on Wednesday. Finally, Roth Mkm reduced their price target on shares of Blink Charging from $25.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Blink Charging presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Blink Charging Stock Performance

BLNK stock opened at $2.38 on Thursday. Blink Charging Co. has a one year low of $2.18 and a one year high of $7.82. The company’s fifty day moving average price is $2.90 and its 200-day moving average price is $2.95. The company has a market capitalization of $240.36 million, a PE ratio of -0.74 and a beta of 2.77.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.12. Blink Charging had a negative net margin of 144.88% and a negative return on equity of 29.26%. The firm had revenue of $42.71 million for the quarter, compared to the consensus estimate of $43.63 million. On average, research analysts predict that Blink Charging Co. will post -0.84 EPS for the current fiscal year.

Blink Charging Company Profile

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