Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,305 shares of the company’s stock after buying an additional 12,311 shares during the period. Squarepoint Ops LLC owned 0.06% of Blade Air Mobility worth $188,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its position in Blade Air Mobility by 11.6% in the 4th quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company’s stock valued at $34,217,000 after purchasing an additional 833,848 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in Blade Air Mobility in the fourth quarter valued at $2,550,000. First Eagle Investment Management LLC acquired a new position in Blade Air Mobility in the fourth quarter valued at $2,278,000. Royce & Associates LP purchased a new stake in shares of Blade Air Mobility in the fourth quarter valued at about $2,091,000. Finally, Marshall Wace LLP boosted its stake in shares of Blade Air Mobility by 372.0% during the fourth quarter. Marshall Wace LLP now owns 452,445 shares of the company’s stock worth $1,923,000 after buying an additional 356,596 shares during the period. Institutional investors and hedge funds own 47.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE opened at $3.80 on Monday. The stock has a fifty day moving average price of $3.02 and a 200 day moving average price of $3.52. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17. The company has a market cap of $307.86 million, a PE ratio of -5.51 and a beta of 1.65.

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

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.