Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 57.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,776 shares of the company’s stock after acquiring an additional 13,724 shares during the quarter. Deutsche Bank AG’s holdings in Blade Air Mobility were worth $161,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Northern Trust Corp raised its stake in shares of Blade Air Mobility by 0.7% during the 4th quarter. Northern Trust Corp now owns 475,169 shares of the company’s stock worth $2,019,000 after buying an additional 3,532 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Blade Air Mobility by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,561 shares of the company’s stock worth $589,000 after buying an additional 4,118 shares during the period. SG Americas Securities LLC raised its stake 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 buying an additional 5,297 shares during the period. Rhumbline Advisers raised its stake in shares of Blade Air Mobility by 5.3% during the 4th quarter. Rhumbline Advisers now owns 140,779 shares of the company’s stock worth $598,000 after buying an additional 7,037 shares during the period. Finally, Wells Fargo & Company MN raised its stake 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 worth $145,000 after buying an additional 7,418 shares during the period. 47.36% of the stock is owned by institutional investors and hedge funds.

Blade Air Mobility Price Performance

Shares of BLDE stock opened at $3.52 on Tuesday. The company has a market cap of $285.18 million, a price-to-earnings ratio of -5.10 and a beta of 1.54. The stock has a 50 day simple moving average of $2.96 and a 200-day simple moving average of $3.51. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17.

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

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on Blade Air Mobility in a research note on Wednesday, February 26th. They set a “buy” rating and a $6.50 target price for the company.

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.