Swedbank AB Purchases 81,894 Shares of Blink Charging Co. (NASDAQ:BLNK)

Swedbank AB raised its position in shares of Blink Charging Co. (NASDAQ:BLNK) by 57.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 225,516 shares of the company’s stock after purchasing an additional 81,894 shares during the quarter. Swedbank AB owned 0.22% of Blink Charging worth $388,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BCGM Wealth Management LLC purchased a new position in shares of Blink Charging during the 2nd quarter valued at about $27,000. Hsbc Holdings PLC purchased a new position in shares of Blink Charging during the 2nd quarter valued at about $29,000. Principal Financial Group Inc. purchased a new position in shares of Blink Charging during the 2nd quarter valued at about $30,000. Victory Capital Management Inc. purchased a new position in shares of Blink Charging during the 2nd quarter valued at about $33,000. Finally, United Advisor Group LLC purchased a new position in shares of Blink Charging during the 3rd quarter valued at about $34,000. 44.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BLNK shares. Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th. HC Wainwright lowered their price target on Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Needham & Company LLC cut Blink Charging from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. UBS Group cut Blink Charging from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Thursday, November 14th. Finally, Stifel Nicolaus lowered their price target on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.64.

Blink Charging Price Performance

NASDAQ:BLNK opened at $1.56 on Thursday. Blink Charging Co. has a 1 year low of $1.48 and a 1 year high of $4.48. The stock’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $2.41. The company has a market cap of $157.83 million, a price-to-earnings ratio of -1.05 and a beta of 2.65.

Insiders Place Their Bets

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack Levine bought 20,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the transaction, the director now owns 175,718 shares in the company, valued at approximately $298,720.60. The trade was a 12.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.50% of the company’s stock.

Blink Charging Company Profile

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.