Blink Charging (NASDAQ:BLNK) Receives Buy Rating from Roth Mkm

Blink Charging (NASDAQ:BLNK)‘s stock had its “buy” rating reiterated by stock analysts at Roth Mkm in a research report issued on Friday,Benzinga reports. They currently have a $3.00 target price on the stock, down from their prior target price of $4.00. Roth Mkm’s price objective points to a potential upside of 213.81% from the stock’s current price.

Several other research analysts also recently commented on BLNK. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a report on Friday. Benchmark decreased their target price on Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a report on Friday. Barclays reduced 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 report on Tuesday, February 4th. UBS Group lowered their price objective on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of Blink Charging in a research note on Friday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.59.

Blink Charging Trading Up 6.2 %

BLNK stock traded up $0.06 during trading on Friday, hitting $0.96. 2,301,889 shares of the stock traded hands, compared to its average volume of 4,947,496. The stock has a market cap of $96.72 million, a price-to-earnings ratio of -0.64 and a beta of 2.86. Blink Charging has a one year low of $0.87 and a one year high of $3.75. The company has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $1.57.

Institutional Investors Weigh In On Blink Charging

Hedge funds have recently bought and sold shares of the company. Man Group plc bought a new stake in shares of Blink Charging in the 4th quarter valued at $626,000. Geode Capital Management LLC grew its stake in Blink Charging by 10.7% in the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after acquiring an additional 222,949 shares during the period. Stifel Financial Corp increased its holdings in shares of Blink Charging by 14.7% in the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after acquiring an additional 180,027 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Blink Charging by 19.4% in the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock worth $1,373,000 after acquiring an additional 160,251 shares in the last quarter. Finally, Caption Management LLC acquired a new stake in shares of Blink Charging during the fourth quarter worth about $180,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Company Profile

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.