DRW Securities LLC Invests $33,000 in Blink Charging Co. (NASDAQ:BLNK)

DRW Securities LLC acquired a new position in shares of Blink Charging Co. (NASDAQ:BLNK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,200 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Blink Charging by 12.6% in the first quarter. Vanguard Group Inc. now owns 3,258,881 shares of the company’s stock worth $9,809,000 after purchasing an additional 365,098 shares during the period. AQR Capital Management LLC increased its position in Blink Charging by 224.9% in the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after buying an additional 557,336 shares in the last quarter. CWM LLC raised its stake in Blink Charging by 60.2% during the 2nd quarter. CWM LLC now owns 15,520 shares of the company’s stock worth $43,000 after buying an additional 5,834 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Blink Charging in the second quarter worth approximately $843,000. Finally, Tidal Investments LLC acquired a new stake in Blink Charging in the first quarter valued at approximately $235,000. Institutional investors own 44.64% of the company’s stock.

Blink Charging Stock Performance

NASDAQ:BLNK opened at $1.56 on Thursday. Blink Charging Co. has a 52 week low of $1.48 and a 52 week high of $4.48. The firm has a 50-day moving average price of $1.85 and a two-hundred day moving average price of $2.41. The firm has a market cap of $157.83 million, a price-to-earnings ratio of -1.03 and a beta of 2.65.

Insider Activity

In related news, Director Jack Levine purchased 20,000 shares of Blink Charging stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the director now owns 175,718 shares in the company, valued at $298,720.60. This represents a 12.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLNK has been the topic of a number of recent research reports. HC Wainwright cut their target price on Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC downgraded shares of Blink Charging from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Stifel Nicolaus dropped their price target on shares of Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, UBS Group lowered Blink Charging from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.00 to $2.00 in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.64.

About Blink Charging

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.