Blink Charging’s (BLNK) “Buy” Rating Reiterated at Benchmark

Blink Charging (NASDAQ:BLNK)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $5.00 price target on the stock. Benchmark’s price objective would indicate a potential upside of 195.86% from the stock’s current price.

Several other equities analysts have also commented on BLNK. Needham & Company LLC decreased their price objective on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group dropped their price objective on Blink Charging from $4.50 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, HC Wainwright reduced their price target on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.79.

Blink Charging Stock Performance

Shares of Blink Charging stock opened at $1.69 on Tuesday. Blink Charging has a fifty-two week low of $1.53 and a fifty-two week high of $4.66. The firm has a market capitalization of $170.94 million, a price-to-earnings ratio of -1.12 and a beta of 2.65. The stock has a 50 day moving average of $1.88 and a 200 day moving average of $2.49.

Insider Activity at Blink Charging

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Kristina A. Peterson sold 24,077 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack Levine bought 20,000 shares of the stock in a transaction on Thursday, September 26th. The stock was bought at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the purchase, the director now directly owns 175,718 shares in the company, valued at approximately $298,720.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLNK. BCGM Wealth Management LLC purchased a new stake in shares of Blink Charging in the 2nd quarter worth about $27,000. Hsbc Holdings PLC purchased a new position in Blink Charging during the second quarter worth $29,000. Principal Financial Group Inc. acquired a new position in shares of Blink Charging in the second quarter worth $30,000. Victory Capital Management Inc. purchased a new stake in shares of Blink Charging in the second quarter valued at $33,000. Finally, Cetera Advisors LLC boosted its stake in shares of Blink Charging by 36.1% during the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after acquiring an additional 3,673 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

About Blink Charging

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.