According to Zacks, “Blink Charging Co. is an owner, operator and provider of EV charging stations and services. It also offers EV charging equipment and connectivity to the Blink Network, a cloud-based software which operates, manages and tracks the Blink EV charging stations and all the associated data. The company serves multifamily residential and commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking, schools and workplaces sectors. Blink Charging Co. is headquartered in Florida, United States. “
Separately, HC Wainwright set a $18.00 price target on Sutro Biopharma and gave the stock a buy rating in a research note on Friday, May 17th.
Blink Charging (NASDAQ:BLNK) last posted its earnings results on Wednesday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Blink Charging had a negative return on equity of 46.68% and a negative net margin of 282.45%. The firm had revenue of $0.58 million for the quarter, compared to analysts’ expectations of $0.61 million. As a group, analysts forecast that Blink Charging will post -0.39 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Blink Charging stock. BlackRock Inc. raised its stake in Blink Charging Co (NASDAQ:BLNK) by 77.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,598 shares of the company’s stock after acquiring an additional 20,765 shares during the period. BlackRock Inc. owned approximately 0.19% of Blink Charging worth $82,000 as of its most recent SEC filing. Institutional investors own 12.74% of the company’s stock.
About Blink Charging
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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