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

Tidal Investments LLC lowered its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 47.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,392 shares of the company's stock after selling 308,224 shares during the quarter. Tidal Investments LLC owned 0.44% of Blade Air Mobility worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in Blade Air Mobility in the 4th quarter valued at about $34,000. Virtu Financial LLC acquired a new stake in shares of Blade Air Mobility during the fourth quarter valued at about $53,000. Balyasny Asset Management L.P. purchased a new stake in shares of Blade Air Mobility in the 4th quarter valued at approximately $62,000. ProShare Advisors LLC lifted its holdings in shares of Blade Air Mobility by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,341 shares of the company's stock worth $69,000 after acquiring an additional 5,377 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position 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 purchasing an additional 5,297 shares during the period. Hedge funds and other institutional investors own 47.36% of the company's stock.

Blade Air Mobility Trading Down 2.3%

BLDE traded down $0.09 during mid-day trading on Friday, hitting $3.54. 125,807 shares of the stock were exchanged, compared to its average volume of 688,569. The firm's fifty day moving average is $2.94 and its two-hundred day moving average is $3.51. 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 $286.40 million, a PE ratio of -5.14 and a beta of 1.54.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $54.31 million for 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%. As a group, research analysts anticipate that Blade Air Mobility, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

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 target price on the stock.

Blade Air Mobility 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.