Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 475,169 shares of the company’s stock after purchasing an additional 3,532 shares during the period. Northern Trust Corp owned 0.61% of Blade Air Mobility worth $2,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Blade Air Mobility during the 4th quarter worth approximately $53,000. SG Americas Securities LLC boosted its holdings in shares of Blade Air Mobility by 30.0% during the 4th quarter. SG Americas Securities LLC now owns 22,970 shares of the company’s stock worth $98,000 after purchasing an additional 5,297 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Blade Air Mobility by 55.4% during the 4th quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock valued at $118,000 after buying an additional 9,887 shares during the period. Wells Fargo & Company MN raised its position in shares of Blade Air Mobility by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company’s stock valued at $145,000 after buying an additional 7,418 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Blade Air Mobility during the 4th quarter valued at approximately $201,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital assumed coverage on shares of Blade Air Mobility in a research report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price target on the stock.

Blade Air Mobility Stock Performance

BLDE stock opened at $3.38 on Monday. The firm has a market cap of $273.84 million, a PE ratio of -4.90 and a beta of 1.54. The firm’s 50 day moving average price is $2.90 and its 200-day moving average price is $3.51. Blade Air Mobility, Inc. has a one year low of $2.35 and a one year high of $5.17.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. The firm had revenue of $54.31 million for the quarter, compared to analyst estimates of $49.30 million. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. Equities research analysts predict that Blade Air Mobility, Inc. will post -0.35 EPS for the current fiscal year.

About Blade Air Mobility

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.