Key Points
- Blink Charging CEO Michael Battaglia bought 33,333 shares on Dec. 12 at an average price of $0.75 (total $24,999.75), increasing his direct stake to 267,095 shares—a 14.26% ownership increase.
- The stock traded around $0.78 with a 52‑week range of $0.63–$2.65 and a market cap of about $89.2M; the company reported $27.03M in quarterly revenue but negative EPS, return on equity, and net margin.
- Analysts are mixed: the consensus rating is Hold with a $2.13 average price target, based on 3 Buys, 5 Holds and 1 Sell.
Blink Charging Co. (NASDAQ:BLNK - Get Free Report) CEO Michael Battaglia acquired 33,333 shares of Blink Charging stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of $0.75 per share, with a total value of $24,999.75. Following the completion of the transaction, the chief executive officer directly owned 267,095 shares of the company's stock, valued at $200,321.25. This trade represents a 14.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Blink Charging Stock Performance
NASDAQ:BLNK opened at $0.78 on Friday. The stock has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $1.25. Blink Charging Co. has a 52-week low of $0.63 and a 52-week high of $2.65. The company has a market cap of $89.24 million, a PE ratio of -0.63 and a beta of 1.89.
Blink Charging (NASDAQ:BLNK - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Blink Charging had a negative return on equity of 74.28% and a negative net margin of 118.41%.The firm had revenue of $27.03 million during the quarter, compared to the consensus estimate of $30.08 million. On average, research analysts predict that Blink Charging Co. will post -0.64 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Blink Charging in a research note on Tuesday, August 19th. HC Wainwright restated a "buy" rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, August 19th. Wall Street Zen raised Blink Charging from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Weiss Ratings restated a "sell (d-)" rating on shares of Blink Charging in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Blink Charging from a "strong sell" rating to a "hold" rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $2.13.
Read Our Latest Stock Analysis on Blink Charging
Hedge Funds Weigh In On Blink Charging
Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Blink Charging by 20.1% during the 1st quarter. Invesco Ltd. now owns 1,185,794 shares of the company's stock worth $1,088,000 after purchasing an additional 198,350 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Blink Charging during the 1st quarter valued at $506,000. Catalyst Funds Management Pty Ltd bought a new stake in Blink Charging during the second quarter worth about $42,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Blink Charging in the 2nd quarter worth about $64,000. Finally, Swedbank AB increased its position in shares of Blink Charging by 19.7% during the 1st quarter. Swedbank AB now owns 391,978 shares of the company's stock valued at $360,000 after purchasing an additional 64,426 shares during the last quarter. 44.64% of the stock is owned by institutional investors.
Blink Charging Company Profile
(
Get Free Report)
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.
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