UBS Group Lowers Blink Charging (NASDAQ:BLNK) Price Target to $1.70

Blink Charging (NASDAQ:BLNK) had its target price trimmed by UBS Group from $2.00 to $1.70 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

BLNK has been the subject of a number of other research reports. Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.60.

Blink Charging Trading Up 4.3 %

Shares of NASDAQ:BLNK opened at $1.22 on Monday. The business’s 50 day moving average is $1.51 and its 200-day moving average is $1.92. The firm has a market capitalization of $123.44 million, a PE ratio of -0.81 and a beta of 2.61. Blink Charging has a 1-year low of $1.15 and a 1-year high of $3.75.

Institutional Trading of Blink Charging

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after acquiring an additional 222,949 shares during the last quarter. Stifel Financial Corp boosted its stake in 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 purchasing an additional 180,027 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Blink Charging by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock worth $1,409,000 after purchasing an additional 79,969 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Blink Charging by 224.9% in the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after buying an additional 557,336 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Blink Charging by 45.2% in the fourth quarter. Swedbank AB now owns 327,552 shares of the company’s stock valued at $455,000 after buying an additional 102,036 shares during the last quarter. 44.64% of the stock is owned by institutional investors.

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.