Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 47.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 347,392 shares of the company’s stock after selling 308,224 shares during the period. Tidal Investments LLC’s holdings in Blade Air Mobility were worth $1,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Blade Air Mobility by 5.3% in the fourth quarter. Rhumbline Advisers now owns 140,779 shares of the company’s stock valued at $598,000 after buying an additional 7,037 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Blade Air Mobility in the 4th quarter valued at about $833,000. Balyasny Asset Management L.P. acquired a new stake in Blade Air Mobility in the 4th quarter valued at about $62,000. SG Americas Securities LLC increased its holdings in Blade Air Mobility by 30.0% during the 4th quarter. SG Americas Securities LLC now owns 22,970 shares of the company’s stock valued at $98,000 after acquiring an additional 5,297 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Blade Air Mobility by 114.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 78,080 shares of the company’s stock worth $332,000 after acquiring an additional 41,720 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on shares of 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 Stock Performance

Shares of NASDAQ:BLDE opened at $3.38 on Friday. The business’s fifty day moving average price is $2.90 and its two-hundred day moving average price is $3.51. The stock has a market cap of $273.84 million, a PE ratio of -4.90 and a beta of 1.54. 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 issued its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.07. The business had revenue of $54.31 million for the quarter, compared to the consensus estimate of $49.30 million. Blade Air Mobility had a negative return on equity of 12.16% and a negative net margin of 21.28%. As a group, equities research analysts predict 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.