55,572 Shares in Blink Charging Co. (NASDAQ:BLNK) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Blink Charging Co. (NASDAQ:BLNK) during the third quarter, Holdings Channel.com reports. The institutional investor bought 55,572 shares of the company’s stock, valued at approximately $96,000.

Several other hedge funds also recently bought and sold shares of BLNK. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Blink Charging by 8.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116,415 shares of the company’s stock valued at $200,000 after acquiring an additional 9,551 shares during the period. BCGM Wealth Management LLC purchased a new stake in Blink Charging in the second quarter valued at approximately $27,000. Hsbc Holdings PLC acquired a new position in Blink Charging during the second quarter worth $29,000. Principal Financial Group Inc. purchased a new position in shares of Blink Charging during the second quarter worth $30,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Blink Charging in the second quarter valued at $33,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Blink Charging Trading Down 2.7 %

Shares of NASDAQ:BLNK opened at $1.46 on Friday. The company has a market cap of $147.72 million, a PE ratio of -0.97 and a beta of 2.58. The company’s 50 day moving average is $1.79 and its two-hundred day moving average is $2.23. Blink Charging Co. has a 52 week low of $1.45 and a 52 week high of $4.48.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the acquisition, the director now owns 175,718 shares in the company, valued at $298,720.60. The trade was a 12.84 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group cut Blink Charging from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.00 to $2.00 in a report on Thursday, November 14th. Needham & Company LLC lowered shares of Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.64.

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.