H.C. Wainwright Sticks to Their Buy Rating for Blink Charging Co (BLNK)

In a report released today, Sameer Joshi from H.C. Wainwright maintained a Buy rating on Blink Charging Co (BLNKResearch Report), with a price target of $50.00. The company’s shares closed yesterday at $24.06.

According to TipRanks, Joshi is a 5-star analyst with an average return of 115.2% and a 70.59% success rate.

Currently, the analyst consensus on Blink Charging Co is a Moderate Buy with an average price target of $25.60.

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Based on Blink Charging Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.8 million and a GAAP net loss of $15.14 million. In comparison, last year the company earned revenue of $2.23 million and had a GAAP net loss of $7.37 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLNK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blink Charging Co. owns, operates, and provides electric vehicle, charging equipment, and networked EV charging services. Its products and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas and Eric Greenberg on October 3, 2006 and is headquartered in Hollywood, FL.

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