Raymond James Financial Inc. Invests $833,000 in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Raymond James Financial Inc. acquired a new position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 195,976 shares of the company's stock, valued at approximately $833,000. Raymond James Financial Inc. owned 0.25% of Blade Air Mobility at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDE. Virtu Financial LLC bought a new position in Blade Air Mobility in the fourth quarter valued at approximately $53,000. SG Americas Securities LLC lifted its position in Blade Air Mobility by 30.0% in 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. Intech Investment Management LLC boosted its stake in Blade Air Mobility by 55.4% in the 4th quarter. Intech Investment Management LLC now owns 27,742 shares of the company's stock worth $118,000 after purchasing an additional 9,887 shares during the period. Wells Fargo & Company MN boosted its stake in Blade Air Mobility by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company's stock worth $145,000 after purchasing an additional 7,418 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Blade Air Mobility during the 4th quarter worth about $201,000. 47.36% of the stock is currently owned by institutional investors.

Blade Air Mobility Trading Down 3.2 %

BLDE stock opened at $2.76 on Wednesday. The business's 50 day simple moving average is $2.84 and its 200 day simple moving average is $3.55. 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 capitalization of $219.96 million, a PE ratio of -4.00 and a beta of 1.54.

Analysts Set New Price Targets

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

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.

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