Barclays Lowers Blink Charging (NASDAQ:BLNK) Price Target to $1.50

Blink Charging (NASDAQ:BLNK) had its price objective reduced by equities research analysts at Barclays from $3.00 to $1.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 30.43% from the company’s previous close.

Several other research analysts have also issued reports on the company. UBS Group dropped their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.09.

Blink Charging Price Performance

Shares of NASDAQ BLNK opened at $1.15 on Tuesday. Blink Charging has a 1-year low of $1.14 and a 1-year high of $3.75. The business’s 50 day moving average is $1.48 and its two-hundred day moving average is $1.84. The stock has a market capitalization of $116.36 million, a P/E ratio of -0.76 and a beta of 2.59.

Institutional Investors Weigh In On Blink Charging

Institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC acquired a new stake in Blink Charging in the third quarter valued at approximately $33,000. United Advisor Group LLC purchased a new stake in Blink Charging during the 3rd quarter worth approximately $34,000. Verition Fund Management LLC acquired a new stake in shares of Blink Charging during the third quarter worth $48,000. Intech Investment Management LLC purchased a new position in Blink Charging in the 3rd quarter worth $52,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Blink Charging in the third quarter valued at about $90,000. Institutional investors own 44.64% of the company’s stock.

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.