Blink Charging Co. (NASDAQ:BLNK – Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 8,461 call options on the company. This is an increase of 66% compared to the typical daily volume of 5,108 call options.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Needham & Company LLC cut shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Finally, UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.64.
View Our Latest Stock Report on Blink Charging
Blink Charging Stock Performance
Institutional Trading of Blink Charging
Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of Blink Charging by 224.9% during the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after acquiring an additional 557,336 shares during the period. Geode Capital Management LLC boosted its position in Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after purchasing an additional 222,949 shares in the last quarter. Barclays PLC boosted its position in Blink Charging by 238.4% during the third quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after purchasing an additional 122,367 shares in the last quarter. American Century Companies Inc. grew its holdings in Blink Charging by 63.4% in the second quarter. American Century Companies Inc. now owns 72,840 shares of the company’s stock valued at $200,000 after purchasing an additional 28,265 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Blink Charging during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.
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.
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