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.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Blade Air Mobility from $15.00 to $10.00 in a research note on Thursday, May 12th.
Blade Air Mobility Stock Performance
NASDAQ:BLDE traded down $0.27 during trading hours on Wednesday, reaching $5.97. The company's stock had a trading volume of 4,555 shares, compared to its average volume of 330,736. The company has a market capitalization of $423.09 million, a P/E ratio of -23.08 and a beta of 0.38. Blade Air Mobility has a 12 month low of $4.16 and a 12 month high of $11.99. The stock has a 50 day moving average price of $5.39 and a two-hundred day moving average price of $6.77.
Insider Buying and Selling
In related news, CAO Amir Cohen sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $6.29, for a total value of $25,160.00. Following the completion of the transaction, the chief accounting officer now owns 61,034 shares of the company's stock, valued at $383,903.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Blade Air Mobility news, CAO Amir Cohen sold 4,000 shares of Blade Air Mobility stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $6.29, for a total value of $25,160.00. Following the transaction, the chief accounting officer now directly owns 61,034 shares of the company's stock, valued at $383,903.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth B. Lerer sold 231,741 shares of Blade Air Mobility stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $7.34, for a total transaction of $1,700,978.94. Following the completion of the transaction, the director now directly owns 168,488 shares in the company, valued at $1,236,701.92. The disclosure for this sale can be found here. Insiders sold 448,227 shares of company stock valued at $3,144,797 over the last 90 days. Corporate insiders own 19.20% of the company's stock.