Victory Capital Management Inc. purchased a new stake in shares of Blink Charging Co. (NASDAQ:BLNK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,880 shares of the company’s stock, valued at approximately $242,000.
Other large investors also recently modified their holdings of the company. Huntington National Bank bought a new position in shares of Blink Charging during the first quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in Blink Charging in the 1st quarter worth about $32,000. McIlrath & Eck LLC bought a new stake in Blink Charging in the 4th quarter worth about $43,000. ShoreHaven Wealth Partners LLC bought a new stake in Blink Charging in the 4th quarter worth about $53,000. Finally, Exchange Traded Concepts LLC bought a new stake in Blink Charging in the 1st quarter worth about $72,000. Hedge funds and other institutional investors own 27.83% of the company’s stock.
NASDAQ:BLNK opened at $38.52 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of -59.26 and a beta of 3.89. The business has a 50 day moving average price of $36.07. Blink Charging Co. has a 1 year low of $2.11 and a 1 year high of $64.50.
Several research firms recently commented on BLNK. Cowen began coverage on Blink Charging in a report on Monday, March 15th. They issued an “outperform” rating and a $38.00 price objective for the company. Needham & Company LLC started coverage on Blink Charging in a report on Monday, May 10th. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Roth Capital dropped their target price on Blink Charging from $58.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, May 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Blink Charging currently has an average rating of “Buy” and a consensus price target of $29.75.
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. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
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