Blade Air Mobility (BLDE) Scheduled to Post Quarterly Earnings on Monday
Blade Air Mobility (NASDAQ:BLDE – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. Blade Air Mobility had a negative return on equity of 13.00% and a negative net margin of 8.43%. The company had revenue of $45.72 million for the quarter, compared to analysts’ expectations of $39.37 million. On average, analysts expect Blade Air Mobility to post earnings per share of $0 for the current fiscal year and -$1 per share for the next fiscal year.
Blade Air Mobility Trading up 0.5%
NASDAQ:BLDE opened at $4.09 on Friday. Blade Air Mobility has a 12-month low of $3.45 and a 12-month high of $9.90. The stock has a 50-day moving average price of $4.43 and a 200-day moving average price of $4.94. The stock has a market cap of $293.06 million, a P/E of -22.72 and a beta of 0.62.
Insider buys and sells at Blade Air Mobility
In other Blade Air Mobility news, CAO Amir Cohen sold 7,963 shares of the company’s stock in a transaction that took place on Wednesday, December 14th. The stock sold at an average price of $4.55 for a total transaction of $36,231.65. Upon completion of the transaction, the Chief Accounting Officer now owns 138,728 shares of the Company, valued at approximately $631,212.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Amir Cohen sold 7,963 shares of the company’s stock in a transaction that took place on Wednesday, December 14th. The stock sold at an average price of $4.55 for a total value of $36,231.65. Upon completion of the sale, the Chief Accounting Officer now directly owns 138,728 shares of the Company, valued at approximately $631,212.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In addition, CEO Robert S. Wiesenthal sold 9,454 shares of the company’s stock in a transaction that took place on Thursday, October 6th. The shares sold at an average price of $3.97 for a total value of $37,532.38. Upon completion of the sale, the Chief Executive Officer now directly owns 5,422,239 shares of the Company, valued at $21,526,288.83. The disclosure for this sale can be found here. Insiders sold 57,572 shares of the company’s shares worth $256,944 last quarter. 19.20% of the shares are owned by company insiders.
Institutional investors rate Blade Air’s mobility
Several institutional investors have recently changed their holdings of BLDE. JPMorgan Chase & Co. acquired a new interest in Blade Air Mobility stock valued at approximately $275,000 during the first quarter. Cambridge Investment Research Advisors Inc. increased its stake in 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 purchasing an additional 5,713 shares last quarter. HighTower Advisors LLC increased its stake in 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 purchasing an additional 2,051 shares last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 302,362 shares last quarter. Finally, during Q1, Ergoteles LLC acquired a new interest in Blade Air Mobility stock valued at approximately $175,000. 55.57% of the shares are owned by institutional investors.
Analyst upgrades and downgrades
Several research companies have recently issued reports on BLDE. Credit Suisse Group lowered its target price on Blade Air Mobility to $10.00 from $11.00 and gave the company a “Outperform” rating in a research report on Thursday, November 10. JPMorgan Chase & Co. lowered its price target on Blade Air Mobility to $6.00 from $10.00 and gave the company an “overweight” rating in a report Tuesday, October 18.
About Blade Air Mobility
(received rating)
Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It offers its services through charter and seated flights in helicopters, jets, turboprops and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.
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