Brokerages Set Blink Charging Co. (NASDAQ:BLNK) Target Price at $2.33

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given an average rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.3333.

A number of equities research analysts recently commented on BLNK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a research report on Friday, January 9th. Wall Street Zen lowered Blink Charging from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th.

Blink Charging Trading Up 6.6%

BLNK stock opened at $0.85 on Friday. Blink Charging has a 1-year low of $0.45 and a 1-year high of $2.65. The firm has a market cap of $121.43 million, a P/E ratio of -1.07 and a beta of 1.99. The business’s 50 day moving average is $0.66 and its 200-day moving average is $0.91.

Institutional Investors Weigh In On Blink Charging

A number of large investors have recently bought and sold shares of BLNK. AQR Capital Management LLC grew its position in Blink Charging by 8,386.8% during the 1st quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock worth $812,000 after acquiring an additional 873,989 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Blink Charging in the 2nd quarter valued at $119,000. Jump Financial LLC acquired a new position in shares of Blink Charging in the 2nd quarter valued at $60,000. Engineers Gate Manager LP raised its stake in Blink Charging by 58.8% during the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after buying an additional 10,851 shares during the period. Finally, Ethic Inc. acquired a new stake in Blink Charging during the 3rd quarter worth $35,000. 44.64% of the stock is currently owned by institutional investors.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.