Raymond James & Associates Purchases 37,243 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Raymond James & Associates raised its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 653,887 shares of the company’s stock after acquiring an additional 37,243 shares during the period. Raymond James & Associates’ holdings in Blade Air Mobility were worth $2,276,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in Blade Air Mobility in the 1st quarter valued at approximately $1,721,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Blade Air Mobility by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock valued at $14,130,000 after acquiring an additional 381,308 shares in the last quarter. Virtu Financial LLC bought a new stake in Blade Air Mobility in the 1st quarter valued at approximately $171,000. GSA Capital Partners LLP increased its position in shares of Blade Air Mobility by 72.7% during the 1st quarter. GSA Capital Partners LLP now owns 283,724 shares of the company’s stock worth $809,000 after purchasing an additional 119,410 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Blade Air Mobility during the 1st quarter worth approximately $66,000. Institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Stock Down 0.6 %

NASDAQ:BLDE opened at $3.13 on Tuesday. The firm has a market capitalization of $242.09 million, a price-to-earnings ratio of -4.60 and a beta of 1.09. Blade Air Mobility, Inc. has a twelve month low of $2.06 and a twelve month high of $4.24. The stock’s 50 day moving average price is $3.26 and its two-hundred day moving average price is $3.26.

Blade Air Mobility (NASDAQ:BLDE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $67.95 million for the quarter, compared to analyst estimates of $62.86 million. Blade Air Mobility had a negative return on equity of 10.86% and a negative net margin of 20.64%. As a group, analysts anticipate that Blade Air Mobility, Inc. will post -0.36 earnings per share for the current year.

Insiders Place Their Bets

In other Blade Air Mobility news, CAO Amir Cohen sold 11,008 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $3.05, for a total transaction of $33,574.40. Following the transaction, the chief accounting officer now owns 84,374 shares of the company’s stock, valued at approximately $257,340.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.50% of the company’s 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.