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
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
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.
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