UBS Group Has Lowered Expectations for Blink Charging (NASDAQ:BLNK) Stock Price

Blink Charging (NASDAQ:BLNK) had its target price dropped by research analysts at UBS Group from $2.00 to $1.70 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 45.30% from the stock’s previous close.

Several other equities research analysts have also issued reports on BLNK. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.60.

Blink Charging Trading Down 4.9 %

BLNK stock opened at $1.17 on Monday. The firm has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $1.92. The company has a market capitalization of $118.38 million, a P/E ratio of -0.77 and a beta of 2.61. Blink Charging has a twelve month low of $1.15 and a twelve month high of $3.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its holdings in shares of Blink Charging by 63.4% during the 2nd quarter. American Century Companies Inc. now owns 72,840 shares of the company’s stock valued at $200,000 after acquiring an additional 28,265 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Blink Charging in the 2nd quarter valued at $29,000. AQR Capital Management LLC grew its stake in shares of Blink Charging by 224.9% in the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after purchasing an additional 557,336 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Blink Charging by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company’s stock worth $103,000 after purchasing an additional 16,549 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Blink Charging by 49.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 106,864 shares of the company’s stock valued at $293,000 after purchasing an additional 35,387 shares during the last quarter. Institutional investors and hedge funds own 44.64% 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.