Brokerages Set $5.00 Price Target for Blink Charging Co (NASDAQ:BLNK)
Blink Charging Co (NASDAQ:BLNK) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $5.00 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also given Blink Charging an industry rank of 221 out of 256 based on the ratings given to related companies.
Several equities analysts have recently issued reports on BLNK shares. HC Wainwright set a $18.00 price target on Sutro Biopharma and gave the company a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday.
Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Blink Charging had a negative return on equity of 46.68% and a negative net margin of 282.45%. The company had revenue of $0.58 million for the quarter, compared to analyst estimates of $0.61 million. As a group, equities analysts forecast that Blink Charging will post -0.39 EPS for the current year.
An institutional investor recently raised its position in Blink Charging stock. BlackRock Inc. increased its position in shares of Blink Charging Co (NASDAQ:BLNK) by 77.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,598 shares of the company’s stock after acquiring an additional 20,765 shares during the period. BlackRock Inc. owned about 0.19% of Blink Charging worth $82,000 at the end of the most recent reporting period. 12.74% of the stock is currently owned by institutional investors and hedge funds.
Blink Charging Company Profile
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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