Blink Charging (NASDAQ:BLNK) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Blink Charging (NASDAQ:BLNK) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

BLNK has been the subject of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Blink Charging in a report on Tuesday, October 14th. Needham & Company LLC reiterated a “hold” rating on shares of Blink Charging in a research note on Tuesday, August 19th. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a report on Tuesday, August 19th. Barclays cut their target price on shares of Blink Charging from $1.50 to $1.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Finally, Zacks Research upgraded shares of Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.13.

Blink Charging Price Performance

NASDAQ:BLNK opened at $1.59 on Friday. The company’s 50-day moving average is $1.65 and its two-hundred day moving average is $1.16. Blink Charging has a 1-year low of $0.63 and a 1-year high of $2.65. The firm has a market capitalization of $182.16 million, a price-to-earnings ratio of -0.76 and a beta of 3.50.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Blink Charging had a negative return on equity of 63.06% and a negative net margin of 203.81%.The business had revenue of $27.03 million during the quarter, compared to analysts’ expectations of $30.08 million. As a group, equities analysts anticipate that Blink Charging will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blink Charging

Large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Blink Charging by 8,386.8% in the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock valued at $812,000 after purchasing an additional 873,989 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Blink Charging in the first quarter worth about $506,000. XTX Topco Ltd purchased a new stake in shares of Blink Charging in the second quarter worth about $384,000. Larson Financial Group LLC acquired a new stake in shares of Blink Charging in the first quarter valued at about $324,000. Finally, Vanguard Group Inc. raised its holdings in shares of Blink Charging by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock valued at $7,722,000 after buying an additional 282,515 shares during the period. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.