Blink Charging (NASDAQ:BLNK) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Blink Charging (NASDAQ:BLNK) in a research note released on Friday morning,Benzinga reports.

A number of other research firms have also recently weighed in on BLNK. Barclays dropped their price objective on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. UBS Group dropped their price target on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.59.

Blink Charging Price Performance

Shares of BLNK opened at $0.95 on Friday. Blink Charging has a 12 month low of $0.87 and a 12 month high of $3.75. The stock has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.56. The company has a market cap of $96.54 million, a P/E ratio of -0.63 and a beta of 2.86.

Institutional Trading of Blink Charging

A number of hedge funds and other institutional investors have recently made changes to their positions in BLNK. DRW Securities LLC acquired a new position in shares of Blink Charging during the third quarter valued at approximately $33,000. Millennium Management LLC bought a new stake in shares of Blink Charging in the 4th quarter worth $43,000. Verition Fund Management LLC acquired a new stake in shares of Blink Charging in the third quarter valued at $48,000. Intech Investment Management LLC bought a new position in Blink Charging during the third quarter valued at about $52,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Blink Charging during the fourth quarter worth about $57,000. 44.64% of the stock is currently owned by institutional investors.

Blink Charging Company Profile

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.