Blink Charging (NASDAQ:BLNK – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.
Other equities research analysts have also issued reports about the stock. HC Wainwright dropped their target price on shares of Blink Charging to $2.50 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings restated a “sell (e+)” rating on shares of Blink Charging in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.50.
Check Out Our Latest Stock Report on BLNK
Blink Charging Stock Down 2.2%
Blink Charging (NASDAQ:BLNK – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. Blink Charging had a negative return on equity of 53.40% and a negative net margin of 52.24%.The firm had revenue of $21.67 million for the quarter, compared to analysts’ expectations of $24.25 million. On average, research analysts anticipate that Blink Charging will post -0.17 earnings per share for the current year.
Institutional Trading of Blink Charging
A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Blink Charging by 8,386.8% during the first quarter. AQR Capital Management LLC now owns 884,410 shares of the company’s stock valued at $812,000 after acquiring an additional 873,989 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Blink Charging in the 2nd quarter valued at $119,000. Jump Financial LLC bought a new position in shares of Blink Charging during the 2nd quarter valued at $60,000. Engineers Gate Manager LP grew its holdings in shares of Blink Charging by 58.8% during the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after purchasing an additional 10,851 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Blink Charging by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,708,659 shares of the company’s stock worth $7,722,000 after purchasing an additional 282,515 shares during the period. Institutional investors own 44.64% of the company’s stock.
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.
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