Blink Charging (NASDAQ:BLNK) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Blink Charging (NASDAQ:BLNK) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blink Charging in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1.95.

Blink Charging Stock Performance

NASDAQ BLNK opened at $0.58 on Friday. The firm’s fifty day moving average price is $0.65 and its two-hundred day moving average price is $1.09. The stock has a market cap of $83.23 million, a PE ratio of -0.47 and a beta of 1.83. Blink Charging has a fifty-two week low of $0.45 and a fifty-two week high of $2.65.

Hedge Funds Weigh In On Blink Charging

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP lifted its holdings in shares of Blink Charging by 58.8% during the second quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock worth $28,000 after purchasing an additional 10,851 shares during the period. State of Wyoming acquired a new position in shares of Blink Charging during the fourth quarter worth $29,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Blink Charging during the fourth quarter worth $30,000. R Squared Ltd acquired a new position in shares of Blink Charging during the third quarter worth $31,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Blink Charging during the third quarter worth $33,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Blink Charging Company Profile

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.