DnB Asset Management AS Buys New Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

DnB Asset Management AS purchased a new position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 227,271 shares of the company’s stock, valued at approximately $966,000. DnB Asset Management AS owned 0.29% of Blade Air Mobility at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BLDE. Intech Investment Management LLC purchased a new stake in Blade Air Mobility during the 3rd quarter worth approximately $52,000. Virtu Financial LLC acquired a new stake in shares of Blade Air Mobility in the fourth quarter valued at $53,000. Zacks Investment Management purchased a new position in Blade Air Mobility in the third quarter valued at $89,000. SG Americas Securities LLC grew its stake in Blade Air Mobility by 30.0% during the 4th quarter. SG Americas Securities LLC now owns 22,970 shares of the company’s stock worth $98,000 after purchasing an additional 5,297 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Blade Air Mobility by 18.9% during the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock worth $105,000 after purchasing an additional 5,683 shares during the period. Institutional investors and hedge funds own 47.36% of the company’s stock.

Insiders Place Their Bets

In other Blade Air Mobility news, CFO William A. Heyburn sold 103,670 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.02, for a total transaction of $520,423.40. Following the sale, the chief financial officer now owns 1,223,120 shares of the company’s stock, valued at approximately $6,140,062.40. This trade represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Lake Street Capital began coverage on Blade Air Mobility in a research note on Wednesday, February 26th. They issued a “buy” rating and a $6.50 price objective for the company.

Blade Air Mobility Trading Up 1.1 %

Shares of BLDE opened at $2.83 on Thursday. The firm has a market capitalization of $225.53 million, a price-to-earnings ratio of -4.10 and a beta of 1.22. The firm’s fifty day simple moving average is $3.41 and its 200-day simple moving average is $3.66. Blade Air Mobility, Inc. has a twelve month low of $2.60 and a twelve month high of $5.17.

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.