Blade Air Mobility, Inc. (NASDAQ:BLDE) CAO Amir Cohen Sells 10,860 Shares of Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CAO Amir Cohen sold 10,860 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $3.31, for a total transaction of $35,946.60. Following the completion of the transaction, the chief accounting officer now directly owns 114,280 shares of the company’s stock, valued at approximately $378,266.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amir Cohen also recently made the following trade(s):

• On Thursday, July 6th, Amir Cohen sold 3,548 shares of Blade Air Mobility stock. The shares were sold at an average price of $3.83, for a total value of $13,588.84.

Blade Air Mobility Stock Performance

Shares of NASDAQ:BLDE opened at $3.10 on Friday. The company has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $3.46. Blade Air Mobility, Inc. has a 12-month low of $2.51 and a 12-month high of $5.09.

Blade Air Mobility (NASDAQ:BLDE) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $60.99 million during the quarter, compared to analyst estimates of $53.61 million. Blade Air Mobility had a negative net margin of 24.82% and a negative return on equity of 16.29%. As a group, analysts expect that Blade Air Mobility, Inc. will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blade Air Mobility

Several hedge funds and other institutional investors have recently modified their holdings of BLDE. JPMorgan Chase & Co. acquired a new position in shares of Blade Air Mobility during the first quarter valued at $275,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Blade Air Mobility by 22.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,031 shares of the company’s stock valued at $263,000 after acquiring an additional 5,713 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Blade Air Mobility by 7.5% during the first quarter. HighTower Advisors LLC now owns 29,413 shares of the company’s stock valued at $251,000 after acquiring an additional 2,051 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Blade Air Mobility by 12.5% during the first quarter. Vanguard Group Inc. now owns 2,730,415 shares of the company’s stock valued at $23,181,000 after acquiring an additional 302,362 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of Blade Air Mobility during the first quarter valued at $175,000. Institutional investors and hedge funds own 54.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. LADENBURG THALM/SH SH began coverage on shares of Blade Air Mobility in a report on Monday, July 17th. They set a “buy” rating and a $13.00 price objective on the stock. Credit Suisse Group cut their price target on shares of Blade Air Mobility from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Thursday, August 10th. Finally, Citigroup dropped their price objective on shares of Blade Air Mobility from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $7.80.

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.