Kristina A. Peterson Sells 24,077 Shares of Blink Charging Co. (NASDAQ:BLNK) Stock

Blink Charging Co. (NASDAQ:BLNK) Director Kristina A. Peterson sold 24,077 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kristina A. Peterson also recently made the following trade(s):

• On Tuesday, June 25th, Kristina A. Peterson sold 4,510 shares of Blink Charging stock. The shares were sold at an average price of $2.77, for a total value of $12,492.70.

Blink Charging Trading Up 3.0 %

NASDAQ BLNK opened at $1.74 on Wednesday. Blink Charging Co. has a 1-year low of $1.53 and a 1-year high of $4.66. The company has a 50 day moving average of $2.28 and a 200-day moving average of $2.67. The firm has a market cap of $175.84 million, a price-to-earnings ratio of -0.61 and a beta of 2.66.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business 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 108.11% and a negative return on equity of 22.70%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS. On average, analysts forecast that Blink Charging Co. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On Blink Charging

Hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Blink Charging by 49.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 106,864 shares of the company’s stock worth $293,000 after purchasing an additional 35,387 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Blink Charging by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company’s stock worth $103,000 after buying an additional 16,549 shares in the last quarter. AQR Capital Management LLC boosted its position in Blink Charging by 224.9% in the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after buying an additional 557,336 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Blink Charging in the 2nd quarter valued at $29,000. Finally, American Century Companies Inc. raised its position in shares of Blink Charging by 63.4% during the second quarter. American Century Companies Inc. now owns 72,840 shares of the company’s stock worth $200,000 after acquiring an additional 28,265 shares during the last quarter. Institutional investors own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLNK shares. B. Riley upgraded Blink Charging to a “hold” rating in a research report on Tuesday, June 25th. HC Wainwright lowered their price target on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark began coverage on shares of Blink Charging in a report on Wednesday, July 31st. They set a “buy” rating and a $5.00 price objective for the company. Needham & Company LLC dropped their price target on shares of Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price objective on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Blink Charging presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

About Blink Charging

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.