Blade Air Mobility (NASDAQ:BLDE) Posts Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Blade Air Mobility reported a quarterly EPS of ($0.05), missing the consensus estimate by $0.01, despite revenue of $70.80 million which exceeded expectations of $64.09 million.
• The company's stock fell by 6.1% to $4.16 during trading, with a market capitalization of $337.04 million.
• Insider activity included sales of 100,000 shares each by the CFO and General Counsel, reducing their ownership stakes by approximately 6.85% and 7.99% respectively.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01), Zacks reports. Blade Air Mobility had a negative net margin of 7.46% and a negative return on equity of 8.45%. The company had revenue of $70.80 million for the quarter, compared to the consensus estimate of $64.09 million. Blade Air Mobility updated its FY 2025 guidance to EPS.

Blade Air Mobility Trading Up 4.5%

BLDE traded up $0.17 during trading hours on Friday, hitting $3.94. The company's stock had a trading volume of 972,550 shares, compared to its average volume of 1,833,254. The business's 50-day moving average price is $4.05 and its 200-day moving average price is $3.50. Blade Air Mobility has a 12 month low of $2.35 and a 12 month high of $5.17. The stock has a market cap of $319.22 million, a price-to-earnings ratio of -16.42 and a beta of 1.69.

Insider Buying and Selling at Blade Air Mobility

In related news, CFO William A. Heyburn sold 46,918 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $4.94, for a total value of $231,774.92. Following the sale, the chief financial officer owned 1,340,845 shares in the company, valued at approximately $6,623,774.30. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 47,995 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $4.94, for a total transaction of $237,095.30. Following the completion of the sale, the general counsel owned 1,148,834 shares in the company, valued at $5,675,239.96. This represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,913 shares of company stock worth $1,283,870 in the last 90 days. 17.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Blade Air Mobility stock. Geode Capital Management LLC raised its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,552,933 shares of the company's stock after acquiring an additional 131,477 shares during the period. Geode Capital Management LLC owned approximately 1.92% of Blade Air Mobility worth $6,260,000 as of its most recent filing with the Securities & Exchange Commission. 47.36% of the stock is owned by hedge funds and other institutional investors.

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.