Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO Sells $14,941.82 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDEGet Rating) CFO William A. Heyburn sold 4,306 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $3.47, for a total value of $14,941.82. Following the transaction, the chief financial officer now owns 1,449,272 shares of the company’s stock, valued at approximately $5,028,973.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Blade Air Mobility Stock Performance

Shares of BLDE stock opened at $3.70 on Friday. Blade Air Mobility, Inc. has a 1 year low of $3.02 and a 1 year high of $9.90. The stock has a fifty day moving average of $4.25 and a two-hundred day moving average of $4.61. The firm has a market capitalization of $265.11 million, a PE ratio of -20.56 and a beta of 0.73.

Blade Air Mobility (NASDAQ:BLDEGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Blade Air Mobility had a negative return on equity of 13.00% and a negative net margin of 8.43%. The company had revenue of $45.72 million for the quarter, compared to the consensus estimate of $39.37 million. Equities research analysts predict that Blade Air Mobility, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Credit Suisse Group reduced their price target on Blade Air Mobility from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. JPMorgan Chase & Co. reduced their price target on Blade Air Mobility from $10.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th.

Institutional Trading of Blade Air Mobility

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nikko Asset Management Americas Inc. raised its stake in shares of Blade Air Mobility by 1.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 4,927,535 shares of the company’s stock worth $21,435,000 after buying an additional 50,669 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Blade Air Mobility in the 2nd quarter worth $21,977,000. Vanguard Group Inc. raised its stake in shares of Blade Air Mobility by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,808,616 shares of the company’s stock worth $11,320,000 after buying an additional 50,255 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Blade Air Mobility in the 3rd quarter worth $2,127,000. Finally, Northern Trust Corp raised its stake in shares of Blade Air Mobility by 476.6% in the 2nd quarter. Northern Trust Corp now owns 463,311 shares of the company’s stock worth $2,067,000 after buying an additional 382,965 shares in the last quarter. Institutional investors own 54.05% of the company’s stock.

Blade Air Mobility Company Profile

(Get Rating)

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.

Further Reading

Insider Buying and Selling by Quarter for Blade Air Mobility (NASDAQ:BLDE)

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