HC Wainwright Lowers Blink Charging (NASDAQ:BLNK) Price Target to $5.00

Blink Charging (NASDAQ:BLNK) had its target price reduced by equities researchers at HC Wainwright from $8.00 to $5.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright also issued estimates for Blink Charging’s Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.65) EPS, FY2026 earnings at ($0.53) EPS, FY2027 earnings at ($0.18) EPS, FY2028 earnings at ($0.01) EPS and FY2029 earnings at $0.09 EPS.

Several other brokerages also recently issued reports on BLNK. UBS Group reduced their price objective on Blink Charging from $1.00 to $0.80 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price target on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Roth Mkm reissued a “buy” rating and issued a $3.00 price objective (down previously from $4.00) on shares of Blink Charging in a research report on Friday, March 14th. Benchmark reduced their price objective on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Stifel Nicolaus lowered their target price on shares of Blink Charging from $3.50 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.61.

Blink Charging Trading Down 4.1%

NASDAQ:BLNK opened at $0.71 on Wednesday. The company has a market capitalization of $73.04 million, a P/E ratio of -0.47 and a beta of 3.34. The firm has a 50-day moving average price of $0.83 and a two-hundred day moving average price of $1.23. Blink Charging has a twelve month low of $0.63 and a twelve month high of $3.75.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The business had revenue of $30.20 million during the quarter, compared to analysts’ expectations of $30.77 million. During the same period last year, the company posted ($0.28) EPS. The company’s revenue was down 29.3% on a year-over-year basis. On average, equities research analysts predict that Blink Charging will post -0.64 earnings per share for the current year.

Hedge Funds Weigh In On Blink Charging

A number of hedge funds have recently made changes to their positions in BLNK. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blink Charging in the 1st quarter worth $30,000. Cerity Partners LLC acquired a new stake in Blink Charging during the first quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Blink Charging in the 1st quarter worth about $35,000. Millennium Management LLC acquired a new position in shares of Blink Charging in the 4th quarter valued at about $43,000. Finally, CWM LLC grew its holdings in shares of 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 purchasing an additional 44,776 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.