William A. Heyburn Sells 100,000 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) CFO William A. Heyburn sold 100,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.07, for a total value of $407,000.00. Following the transaction, the chief financial officer now directly owns 1,360,002 shares in the company, valued at $5,535,208.14. The trade was a 6.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Blade Air Mobility Price Performance

Shares of NASDAQ:BLDE traded down $0.10 during trading on Friday, reaching $3.89. 765,527 shares of the stock were exchanged, compared to its average volume of 714,430. The stock has a fifty day moving average of $3.17 and a two-hundred day moving average of $3.53. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17. The firm has a market cap of $315.16 million, a price-to-earnings ratio of -5.64 and a beta of 1.65.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.07. The business had revenue of $54.31 million during the quarter, compared to analyst estimates of $49.30 million. Blade Air Mobility had a negative return on equity of 12.16% and a negative net margin of 21.28%. Sell-side analysts forecast that Blade Air Mobility, Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Blade Air Mobility

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in Blade Air Mobility by 250.1% in the 1st quarter. Jane Street Group LLC now owns 139,729 shares of the company's stock valued at $381,000 after buying an additional 99,813 shares during the last quarter. Uniplan Investment Counsel Inc. raised its position in Blade Air Mobility by 77.5% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 1,728,615 shares of the company's stock valued at $4,719,000 after buying an additional 754,879 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Blade Air Mobility during the 1st quarter valued at $36,000. Hsbc Holdings PLC increased its position in shares of Blade Air Mobility by 42.5% during the 1st quarter. Hsbc Holdings PLC now owns 34,706 shares of the company's stock valued at $95,000 after purchasing an additional 10,345 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Blade Air Mobility by 15.9% during the 1st quarter. American Century Companies Inc. now owns 127,462 shares of the company's stock valued at $348,000 after purchasing an additional 17,514 shares during the last quarter. 47.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.