Blink Charging Co. (NASDAQ:BLNK – Get Rating)’s stock price was down 7.2% during trading on Thursday . The company traded as low as $18.48 and last traded at $18.53. Approximately 3,911 shares were traded during trading, a decline of 100% from the average daily volume of 870,852 shares. The stock had previously closed at $19.96.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on BLNK shares. DA Davidson increased their price target on shares of Blink Charging to $19.00 in a report on Monday, August 15th. B. Riley assumed coverage on shares of Blink Charging in a research report on Friday, June 17th. They set a “neutral” rating and a $15.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Blink Charging from $19.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Needham & Company LLC increased their price objective on shares of Blink Charging from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, June 15th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.67.
Blink Charging Price Performance
The company’s 50-day simple moving average is $21.36 and its two-hundred day simple moving average is $20.44. The firm has a market capitalization of $794.11 million, a P/E ratio of -11.13 and a beta of 3.35.
Insider Transactions at Blink Charging
Hedge Funds Weigh In On Blink Charging
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLNK. Private Advisor Group LLC boosted its stake in Blink Charging by 46.2% during the fourth quarter. Private Advisor Group LLC now owns 12,178 shares of the company’s stock valued at $323,000 after buying an additional 3,849 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in Blink Charging during the fourth quarter valued at approximately $283,000. Hilltop Holdings Inc. boosted its stake in Blink Charging by 20.2% during the fourth quarter. Hilltop Holdings Inc. now owns 14,138 shares of the company’s stock valued at $375,000 after buying an additional 2,378 shares during the last quarter. Gotham Asset Management LLC bought a new position in Blink Charging during the fourth quarter valued at approximately $261,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Blink Charging by 83.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,200 shares of the company’s stock valued at $58,000 after purchasing an additional 1,000 shares during the last quarter. 36.30% of the stock is owned by institutional investors.
About Blink Charging
Blink Charging Co, through its subsidiaries, owns, operates, 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.
- Get a free copy of the StockNews.com research report on Blink Charging (BLNK)
- What Steelcase’s Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Blink Charging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blink Charging and related companies with MarketBeat.com's FREE daily email newsletter.