Blink Charging Co. (NASDAQ:BLNK – Get Rating) fell 8.6% on Friday . The company traded as low as $21.16 and last traded at $21.24. 34,338 shares were traded during mid-day trading, a decline of 95% from the average session volume of 711,078 shares. The stock had previously closed at $23.23.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC boosted their target price on Blink Charging from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, June 15th. DA Davidson upped their price objective on Blink Charging to $19.00 in a research report on Monday, August 15th. Stifel Nicolaus boosted their target price on Blink Charging from $19.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 16th. Finally, B. Riley started coverage on Blink Charging in a report on Friday, June 17th. They issued a "neutral" rating and a $15.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.67.

Blink Charging Stock Performance

The company has a 50-day simple moving average of $21.16 and a 200-day simple moving average of $20.47. The company has a market cap of $942.42 million, a price-to-earnings ratio of -13.05 and a beta of 3.35.

Insiders Place Their Bets

Institutional Investors Weigh In On Blink Charging

Institutional investors and hedge funds have recently modified their holdings of the company. Credit Suisse AG grew its holdings in Blink Charging by 130.9% during the 4th quarter. Credit Suisse AG now owns 456,764 shares of the company's stock valued at $12,109,000 after buying an additional 258,986 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Blink Charging during the 4th quarter valued at $6,346,000. Barclays PLC grew its holdings in Blink Charging by 156.5% during the 4th quarter. Barclays PLC now owns 91,183 shares of the company's stock valued at $2,417,000 after buying an additional 55,639 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Blink Charging during the 2nd quarter valued at $818,000. Finally, Versor Investments LP grew its holdings in Blink Charging by 453.5% during the 2nd quarter. Versor Investments LP now owns 58,220 shares of the company's stock valued at $962,000 after buying an additional 47,702 shares during the last quarter. Institutional investors and hedge funds own 36.30% of the company's stock.

Blink Charging Company Profile

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Blink Charging Co, through its subsidiaries, owns, operates, 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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