Healthcare of Ontario Pension Plan Trust Fund Buys 9,551 Shares of Blink Charging Co. (NASDAQ:BLNK)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Blink Charging Co. (NASDAQ:BLNK) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,415 shares of the company’s stock after acquiring an additional 9,551 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Blink Charging were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Blink Charging by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock valued at $9,809,000 after purchasing an additional 365,098 shares during the period. AQR Capital Management LLC raised its position in 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 buying an additional 557,336 shares during the last quarter. CWM LLC lifted its stake in Blink Charging by 60.2% in the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock valued at $43,000 after acquiring an additional 5,834 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Blink Charging during the 2nd quarter worth approximately $843,000. Finally, Tidal Investments LLC bought a new position in shares of Blink Charging during the 1st quarter worth approximately $235,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC cut shares of Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. HC Wainwright reduced 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 note on Friday, August 9th. Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a report on Tuesday, November 12th. Stifel Nicolaus dropped their target price on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Blink Charging currently has an average rating of “Hold” and an average target price of $5.64.

Blink Charging Stock Performance

Blink Charging stock opened at $1.62 on Tuesday. The stock has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.37. The stock has a market capitalization of $163.91 million, a P/E ratio of -1.07 and a beta of 2.65. Blink Charging Co. has a 52 week low of $1.48 and a 52 week high of $4.48.

Insider Activity

In other news, Director Kristina A. Peterson sold 24,077 shares of the 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack Levine bought 20,000 shares of Blink Charging stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $1.70 per share, with a total value of $34,000.00. Following the acquisition, the director now directly owns 175,718 shares in the company, valued at $298,720.60. This trade represents a 12.84 % increase in their position. The disclosure for this purchase can be found here. 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.