Arkadios Wealth Advisors Has $33,000 Stake in Blink Charging Co. (NASDAQ:BLNK)

Arkadios Wealth Advisors trimmed its stake in shares of Blink Charging Co. (NASDAQ:BLNK) by 31.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,030 shares of the company’s stock after selling 8,819 shares during the period. Arkadios Wealth Advisors’ holdings in Blink Charging were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLNK. BCGM Wealth Management LLC bought a new position in Blink Charging in the second quarter valued at $27,000. Hsbc Holdings PLC bought a new position in Blink Charging in the second quarter valued at $29,000. Principal Financial Group Inc. bought a new position in Blink Charging in the second quarter valued at $30,000. Victory Capital Management Inc. bought a new position in Blink Charging in the second quarter valued at $33,000. Finally, Cetera Advisors LLC grew its position in Blink Charging by 36.1% in the first quarter. Cetera Advisors LLC now owns 13,842 shares of the company’s stock valued at $42,000 after purchasing an additional 3,673 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Benchmark assumed coverage on shares of Blink Charging in a research report on Wednesday, July 31st. They issued a “buy” rating and a $5.00 target price for the company. UBS Group decreased their price objective on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Needham & Company LLC decreased their price objective on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus decreased their price objective on shares of 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 decreased their price objective on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Blink Charging currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.79.

Blink Charging Stock Performance

NASDAQ BLNK opened at $2.04 on Friday. The firm has a 50-day moving average of $1.88 and a 200-day moving average of $2.51. The stock has a market cap of $206.35 million, a PE ratio of -0.85 and a beta of 2.66. Blink Charging Co. has a 52-week low of $1.53 and a 52-week high of $4.66.

Blink Charging (NASDAQ:BLNK) last posted its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The company had revenue of $33.26 million for the quarter, compared to analyst estimates of $38.90 million. Blink Charging had a negative return on equity of 22.70% and a negative net margin of 108.11%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) EPS. As a group, analysts predict that Blink Charging Co. will post -0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Blink Charging news, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the purchase, the director now directly owns 175,718 shares of the company’s stock, valued at $298,720.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction dated Thursday, September 19th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $1.70 per share, with a total value of $34,000.00. Following the purchase, the director now directly owns 175,718 shares in the company, valued at approximately $298,720.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.50% of the company’s stock.

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.