Blink Charging Co. (NASDAQ:BLNK) Shares Purchased by Lion Street Advisors LLC

Lion Street Advisors LLC boosted its stake in Blink Charging Co. (NASDAQ:BLNK) by 91.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,573 shares of the company’s stock after acquiring an additional 44,673 shares during the quarter. Lion Street Advisors LLC owned about 0.09% of Blink Charging worth $256,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in shares of Blink Charging during the 4th quarter valued at about $42,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Blink Charging by 179.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 252,246 shares of the company’s stock valued at $855,000 after purchasing an additional 162,109 shares during the last quarter. KBC Group NV lifted its stake in Blink Charging by 173.4% during the fourth quarter. KBC Group NV now owns 224,472 shares of the company’s stock worth $761,000 after purchasing an additional 142,366 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Blink Charging by 36.3% in the 1st quarter. BNP Paribas Financial Markets now owns 39,601 shares of the company’s stock valued at $119,000 after acquiring an additional 10,554 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in Blink Charging by 861.1% during the 4th quarter. Quadrature Capital Ltd now owns 459,583 shares of the company’s stock worth $1,558,000 after purchasing an additional 411,763 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLNK has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Blink Charging from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, May 21st. HC Wainwright decreased their target price 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. B. Riley raised shares of Blink Charging to a “hold” rating in a research report on Tuesday, June 25th. Stifel Nicolaus reiterated a “hold” rating and set a $4.00 price target on shares of Blink Charging in a research note on Thursday, May 16th. Finally, Needham & Company LLC lowered their target price on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Blink Charging currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.07.

Blink Charging Trading Down 6.1 %

Blink Charging stock traded down $0.13 during trading hours on Friday, reaching $2.00. 8,690,304 shares of the company were exchanged, compared to its average volume of 6,151,917. Blink Charging Co. has a 12 month low of $1.95 and a 12 month high of $6.78. The firm has a market cap of $202.12 million, a price-to-earnings ratio of -0.70 and a beta of 2.73. The stock has a 50-day moving average of $3.00 and a 200 day moving average of $2.90.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The company had revenue of $33.26 million during the quarter, compared to the consensus estimate of $38.90 million. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.44) earnings per share. As a group, research analysts forecast that Blink Charging Co. will post -0.4 EPS for the current year.

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.