Blink Charging Co. (NASDAQ:BLNK - Get Free Report) Director Kristina A. Peterson sold 4,510 shares of the firm's stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $2.77, for a total value of $12,492.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Blink Charging Price Performance
Shares of NASDAQ:BLNK opened at $2.80 on Friday. Blink Charging Co. has a 1-year low of $2.18 and a 1-year high of $7.25. The business's 50 day moving average is $2.93 and its 200-day moving average is $2.90.
Blink Charging (NASDAQ:BLNK - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.10. Blink Charging had a negative return on equity of 25.12% and a negative net margin of 122.09%. The company had revenue of $37.57 million for the quarter, compared to analyst estimates of $33.74 million. As a group, analysts anticipate that Blink Charging Co. will post -0.4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
We recommended Nvidia in 2016, now we’re recommending this…
From Porter & Company | Ad
The AI boom is just getting started.
And the real wealth has still to be made…
You must read this new presentation from Porter Stansberry.
A number of research firms have recently weighed in on BLNK. Roth Mkm cut their price target on Blink Charging from $25.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, March 15th. DA Davidson reissued a "neutral" rating and set a $5.00 price objective on shares of Blink Charging in a report on Friday, March 15th. UBS Group lowered their price objective on Blink Charging from $7.00 to $4.50 and set a "buy" rating on the stock in a report on Tuesday, May 21st. B. Riley raised Blink Charging to a "hold" rating in a report on Tuesday. Finally, Stifel Nicolaus reissued a "hold" rating and set a $4.00 price objective on shares of Blink Charging in a report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Blink Charging has an average rating of "Moderate Buy" and an average target price of $7.50.
Read Our Latest Stock Report on BLNK
Institutional Trading of Blink Charging
Institutional investors have recently modified their holdings of the company. Swiss National Bank lifted its position in shares of Blink Charging by 12.0% during the 3rd quarter. Swiss National Bank now owns 123,000 shares of the company's stock worth $376,000 after buying an additional 13,200 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Blink Charging by 112.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,864 shares of the company's stock worth $33,000 after buying an additional 5,761 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Blink Charging by 101.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 62,369 shares of the company's stock worth $191,000 after buying an additional 31,416 shares during the period. Invesco Ltd. lifted its position 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 buying an additional 568,417 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Blink Charging by 13.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 54,413 shares of the company's stock worth $167,000 after buying an additional 6,589 shares during the period. Institutional investors and hedge funds own 44.64% of the company's stock.
Blink Charging Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
