Blink Charging Sees Unusually Large Options Volume (NASDAQ:BLNK)

Blink Charging Co. (NASDAQ:BLNK) saw some unusual options trading on Monday. Stock investors bought 15,453 call options on the company. This is an increase of 137% compared to the typical volume of 6,524 call options.

Blink Charging Stock Up 1.0 %

Shares of BLNK opened at $2.01 on Wednesday. The business’s 50 day moving average price is $1.88 and its 200-day moving average price is $2.56. Blink Charging has a 52 week low of $1.53 and a 52 week high of $4.66. The stock has a market cap of $203.13 million, a P/E ratio of -0.70 and a beta of 2.66.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) EPS 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 return on equity of 22.70% and a negative net margin of 108.11%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) earnings per share. On average, equities analysts anticipate that Blink Charging will post -0.62 EPS for the current year.

Insider Activity at Blink Charging

In other Blink Charging news, Director Jack Levine purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average cost of $1.70 per share, with a total value of $34,000.00. Following the completion of the transaction, the director now owns 175,718 shares of the company’s stock, valued at $298,720.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Levine purchased 20,000 shares of Blink Charging stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $1.70 per share, with a total value of $34,000.00. Following the completion of the transaction, the director now owns 175,718 shares of the company’s stock, valued at $298,720.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blink Charging

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC increased its stake in shares of Blink Charging by 618.0% in the 4th quarter. Virtu Financial LLC now owns 182,283 shares of the company’s stock worth $618,000 after purchasing an additional 156,896 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Blink Charging by 861.1% in 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 in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Blink Charging by 24.8% in the 1st quarter. Arkadios Wealth Advisors now owns 42,667 shares of the company’s stock worth $128,000 after purchasing an additional 8,472 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Blink Charging in the 1st quarter worth $48,000. Finally, BNP Paribas Financial Markets increased 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 worth $119,000 after purchasing an additional 10,554 shares in the last quarter. 44.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLNK. B. Riley raised Blink Charging to a “hold” rating in a research note on Tuesday, June 25th. Benchmark began coverage on Blink Charging in a research note on Wednesday, July 31st. They set a “buy” rating and a $5.00 price objective for the company. Stifel Nicolaus dropped their price objective on Blink Charging from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, August 12th. HC Wainwright dropped their price objective on Blink Charging from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC dropped their price target on Blink Charging from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.79.

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.