Q4 Earnings Forecast for Blink Charging Issued By B. Riley

Blink Charging Co. (NASDAQ:BLNK) – Stock analysts at B. Riley issued their Q4 2024 EPS estimates for Blink Charging in a research note issued on Tuesday, March 4th. B. Riley analyst R. Pfingst forecasts that the company will earn ($0.18) per share for the quarter. The consensus estimate for Blink Charging’s current full-year earnings is ($0.64) per share. B. Riley also issued estimates for Blink Charging’s FY2025 earnings at ($0.58) EPS.

Several other analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. UBS Group decreased their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th. Finally, Barclays cut their price objective on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.09.

Blink Charging Stock Down 1.9 %

NASDAQ:BLNK opened at $1.04 on Thursday. The company has a market cap of $105.22 million, a price-to-earnings ratio of -0.69 and a beta of 2.86. The company has a fifty day simple moving average of $1.25 and a two-hundred day simple moving average of $1.60. Blink Charging has a 52 week low of $0.87 and a 52 week high of $3.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Blink Charging by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after acquiring an additional 222,949 shares during the last quarter. Barclays PLC increased 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 during the last quarter. Verition Fund Management LLC acquired a new position in shares of Blink Charging in the 3rd quarter valued at $48,000. Charles Schwab Investment Management Inc. grew its stake in shares of Blink Charging by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company’s stock valued at $1,409,000 after buying an additional 79,969 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in Blink Charging during the third quarter worth about $90,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.