Blink Charging (NASDAQ:BLNK) Given “Buy” Rating at Roth Mkm

Blink Charging (NASDAQ:BLNK)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research report issued on Friday,Benzinga reports. They currently have a $3.00 price objective on the stock, down from their prior price objective of $4.00. Roth Mkm’s target price indicates a potential upside of 213.81% from the stock’s current price.

A number of other analysts have also recently weighed in on BLNK. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a report on Friday. Benchmark decreased their target price on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating for the company in a research report on Friday. UBS Group lowered their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Barclays decreased their target price 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. Finally, HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of Blink Charging in a report on Friday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.59.

Blink Charging Trading Up 6.2 %

Shares of NASDAQ BLNK traded up $0.06 on Friday, reaching $0.96. 2,301,889 shares of the company traded hands, compared to its average volume of 4,947,496. Blink Charging has a fifty-two week low of $0.87 and a fifty-two week high of $3.75. The stock has a market capitalization of $96.72 million, a PE ratio of -0.64 and a beta of 2.86. The company has a 50 day moving average of $1.22 and a 200 day moving average of $1.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLNK. Man Group plc acquired a new position in Blink Charging during the fourth quarter worth $626,000. Geode Capital Management LLC lifted its position in Blink Charging by 10.7% in 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 during the period. Stifel Financial Corp increased its holdings in Blink Charging by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock valued at $2,419,000 after buying an additional 180,027 shares during the period. Invesco Ltd. raised its stake in shares of Blink Charging by 19.4% in the 4th quarter. Invesco Ltd. now owns 987,444 shares of the company’s stock valued at $1,373,000 after buying an additional 160,251 shares in the last quarter. Finally, Caption Management LLC acquired a new stake in shares of Blink Charging during the 4th quarter valued at about $180,000. 44.64% of the stock is 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.