Michael Bercovich Purchases 65,333 Shares of Blink Charging (NASDAQ:BLNK) Stock

Blink Charging Co. (NASDAQ:BLNK) CFO Michael Bercovich purchased 65,333 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of $0.77 per share, for a total transaction of $50,306.41. Following the acquisition, the chief financial officer owned 188,563 shares of the company’s stock, valued at approximately $145,193.51. The trade was a 53.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blink Charging Price Performance

Shares of NASDAQ BLNK traded down $0.11 during midday trading on Friday, hitting $0.78. 17,268,075 shares of the company’s stock were exchanged, compared to its average volume of 4,026,627. Blink Charging Co. has a twelve month low of $0.63 and a twelve month high of $2.65. The firm has a market cap of $89.24 million, a P/E ratio of -0.63 and a beta of 1.89. The stock’s 50 day moving average price is $1.61 and its 200-day moving average price is $1.25.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Blink Charging had a negative return on equity of 74.28% and a negative net margin of 118.41%.The company had revenue of $27.03 million during the quarter, compared to analysts’ expectations of $30.08 million. On average, analysts expect that Blink Charging Co. will post -0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Blink Charging

Several large investors have recently modified their holdings of BLNK. R Squared Ltd acquired a new position in shares of Blink Charging in the 3rd quarter worth $31,000. Squarepoint Ops LLC acquired a new position in shares of Blink Charging in the 3rd quarter valued at $33,000. Ethic Inc. purchased a new position in Blink Charging in the 3rd quarter worth about $35,000. Engineers Gate Manager LP increased its stake in Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after purchasing an additional 10,851 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Blink Charging during the 3rd quarter worth about $59,000. 44.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on BLNK shares. Zacks Research raised shares of Blink Charging from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Blink Charging from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Blink Charging in a research report on Tuesday, October 14th. HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of Blink Charging in a research report on Tuesday, August 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Blink Charging in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.13.

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.