68,042 Shares in Blink Charging Co. $BLNK Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Blink Charging Co. (NASDAQ:BLNK) in the second quarter, Holdings Channel.com reports. The firm purchased 68,042 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Blink Charging by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 247,250 shares of the company’s stock worth $227,000 after buying an additional 14,625 shares in the last quarter. Cerity Partners LLC acquired a new stake in Blink Charging in the first quarter valued at $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Blink Charging during the 1st quarter valued at $35,000. CWM LLC grew its holdings in Blink Charging by 2,609.3% during the 1st quarter. CWM LLC now owns 46,492 shares of the company’s stock worth $43,000 after acquiring an additional 44,776 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Blink Charging by 19.7% in the 1st quarter. Swedbank AB now owns 391,978 shares of the company’s stock worth $360,000 after purchasing an additional 64,426 shares during the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BLNK. Barclays reduced their price target on shares of Blink Charging from $1.50 to $1.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blink Charging in a research report on Tuesday, October 14th. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a research report on Tuesday, August 19th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.13.

Blink Charging Trading Up 5.3%

BLNK opened at $1.59 on Monday. The business’s 50 day moving average is $1.65 and its 200-day moving average is $1.16. The stock has a market cap of $182.16 million, a PE ratio of -0.76 and a beta of 3.50. Blink Charging Co. has a twelve month low of $0.63 and a twelve month high of $2.65.

Blink Charging (NASDAQ:BLNK) last posted its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $27.03 million for the quarter, compared to analysts’ expectations of $30.08 million. Blink Charging had a negative return on equity of 63.06% and a negative net margin of 203.81%. As a group, analysts forecast that Blink Charging Co. will post -0.64 EPS for the current year.

About Blink Charging

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.