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Fintel reports that on April 25, 2023, Stifel maintained coverage of Blink Charging (NASDAQ:BLNK) with a Hold recommendation.
Analyst Price Forecast Suggests 194.76% Upside
As of April 24, 2023, the average one-year price target for Blink Charging is 21.19. The forecasts range from a low of 11.11 to a high of $52.50. The average price target represents an increase of 194.76% from its latest reported closing price of 7.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Blink Charging is 97MM, an increase of 58.85%. The projected annual non-GAAP EPS is -1.98.
What is the Fund Sentiment?
There are 325 funds or institutions reporting positions in Blink Charging. This is an increase of 1 owner(s) or 0.31% in the last quarter. Average portfolio weight of all funds dedicated to BLNK is 0.13%, an increase of 126.76%. Total shares owned by institutions increased in the last three months by 14.72% to 17,785K shares. The put/call ratio of BLNK is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,285K shares representing 2.13% ownership of the company. No change in the last quarter.
Credit Suisse holds 1,217K shares representing 2.02% ownership of the company. In it’s prior filing, the firm reported owning 139K shares, representing an increase of 88.56%. The firm increased its portfolio allocation in BLNK by 415.56% over the last quarter.
Invesco holds 949K shares representing 1.57% ownership of the company. In it’s prior filing, the firm reported owning 788K shares, representing an increase of 17.03%. The firm decreased its portfolio allocation in BLNK by 32.10% over the last quarter.
PBW – Invesco WilderHill Clean Energy ETF holds 901K shares representing 1.49% ownership of the company. In it’s prior filing, the firm reported owning 713K shares, representing an increase of 20.95%. The firm increased its portfolio allocation in BLNK by 23.58% over the last quarter.
Great West Life Assurance holds 850K shares representing 1.41% ownership of the company. In it’s prior filing, the firm reported owning 9K shares, representing an increase of 99.00%. The firm decreased its portfolio allocation in BLNK by 94.27% over the last quarter.
Blink Charging Background Information
(This description is provided by the company.)
Blink Charging Co. is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (‘Blink Network’), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
See all Blink Charging regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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