Boothbay Fund Management LLC Sells 99,955 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Boothbay Fund Management LLC trimmed its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,000 shares of the company's stock after selling 99,955 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.14% of Blade Air Mobility worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. ARK Investment Management LLC grew its stake in shares of Blade Air Mobility by 11.6% in the fourth quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company's stock worth $34,217,000 after acquiring an additional 833,848 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Blade Air Mobility in the 4th quarter worth $2,278,000. Royce & Associates LP acquired a new position in shares of Blade Air Mobility during the fourth quarter valued at about $2,091,000. Marshall Wace LLP increased its holdings in Blade Air Mobility by 372.0% in the 4th quarter. Marshall Wace LLP now owns 452,445 shares of the company's stock valued at $1,923,000 after buying an additional 356,596 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Blade Air Mobility by 148.1% during the fourth quarter. Russell Investments Group Ltd. now owns 566,405 shares of the company's stock worth $2,407,000 after acquiring an additional 338,103 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on Blade Air Mobility in a report on Wednesday, February 26th. They set a "buy" rating and a $6.50 price objective on the stock.

Blade Air Mobility Trading Down 1.9 %

Shares of Blade Air Mobility stock traded down $0.06 on Tuesday, reaching $2.80. 169,034 shares of the company were exchanged, compared to its average volume of 682,026. Blade Air Mobility, Inc. has a one year low of $2.35 and a one year high of $5.17. The company has a market capitalization of $222.74 million, a price-to-earnings ratio of -4.05 and a beta of 1.54. The company has a 50-day moving average of $2.85 and a 200 day moving average of $3.55.

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.