Blink Charging (NASDAQ:BLNK – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports. They currently have a $7.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 157.83% from the company’s current price.
Other equities analysts have also issued research reports about the company. HC Wainwright cut their target price on Blink Charging from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday. DA Davidson reissued a “neutral” rating and issued a $5.00 target price on shares of Blink Charging in a research note on Friday. Finally, Roth Mkm dropped their price target on Blink Charging from $25.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.
View Our Latest Research Report on Blink Charging
Blink Charging Trading Down 7.0 %
Institutional Investors Weigh In On Blink Charging
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Blink Charging by 10.2% during the 2nd quarter. BlackRock Inc. now owns 3,901,082 shares of the company’s stock worth $23,367,000 after acquiring an additional 361,858 shares during the period. Vanguard Group Inc. boosted its stake in shares of Blink Charging by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,893,783 shares of the company’s stock worth $9,810,000 after acquiring an additional 148,789 shares during the period. Invesco Ltd. boosted its stake in shares of Blink Charging by 35.8% during the 3rd quarter. Invesco Ltd. now owns 2,157,046 shares of the company’s stock worth $6,601,000 after acquiring an additional 568,417 shares during the period. State Street Corp boosted its stake in shares of Blink Charging by 42.8% during the 2nd quarter. State Street Corp now owns 1,991,123 shares of the company’s stock worth $11,927,000 after acquiring an additional 596,719 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Blink Charging by 105.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,802,815 shares of the company’s stock worth $10,766,000 after acquiring an additional 925,354 shares during the period. Institutional investors and hedge funds own 34.98% 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.
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