Oppenheimer Comments on Blade Air Mobility, Inc.’s Q1 2023 Earnings (NASDAQ:BLDE)

Blade Air Mobility, Inc. (NASDAQ:BLDE – Get Rating) – Equities research analysts at Oppenheimer issued their Q1 2023 EPS estimates for Blade Air Mobility in a research report issued to clients and investors on Tuesday, March 14th. Oppenheimer analyst J. Helfstein expects that the company will earn ($0.16) per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $6.50 target price on the stock. The consensus estimate for Blade Air Mobility’s current full-year earnings is ($0.36) per share. Oppenheimer also issued estimates for Blade Air Mobility’s Q2 2023 earnings at ($0.13) EPS, Q3 2023 earnings at ($0.08) EPS, Q4 2023 earnings at ($0.13) EPS, FY2023 earnings at ($0.49) EPS, FY2024 earnings at ($0.36) EPS, FY2025 earnings at ($0.25) EPS and FY2026 earnings at ($0.14) EPS.

BLDE has been the topic of a number of other research reports. Credit Suisse Group cut their price target on shares of Blade Air Mobility from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Blade Air Mobility from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Wednesday.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.13 on Friday. The firm’s fifty day moving average price is $4.31 and its 200 day moving average price is $4.32. The company has a market capitalization of $224.26 million, a price-to-earnings ratio of -17.39 and a beta of 0.80. Blade Air Mobility has a 12-month low of $3.02 and a 12-month high of $9.90.

Insiders Place Their Bets

In other news, CEO Robert S. Wiesenthal sold 10,874 shares of Blade Air Mobility stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $3.47, for a total value of $37,732.78. Following the completion of the transaction, the chief executive officer now owns 7,776,393 shares in the company, valued at $26,984,083.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 23,065 shares of company stock valued at $80,036. Company insiders own 19.20% of the company’s stock.

Hedge Funds Weigh In On Blade Air Mobility

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Blade Air Mobility in the 3rd quarter worth approximately $26,000. Lazard Asset Management LLC bought a new stake in Blade Air Mobility during the 2nd quarter valued at $27,000. Advisor Group Holdings Inc. raised its holdings in Blade Air Mobility by 36.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,795 shares of the company’s stock valued at $31,000 after buying an additional 2,355 shares during the last quarter. CI Private Wealth LLC bought a new stake in Blade Air Mobility during the 4th quarter valued at $36,000. Finally, Balyasny Asset Management LLC bought a new position in Blade Air Mobility in the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.

Blade Air Mobility Company Profile

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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.