Blade Air Mobility (NASDAQ:BLDE) Issues Quarterly Earnings Results

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12), Zacks reports. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. Blade Air Mobility updated its FY 2025 guidance to EPS.

Blade Air Mobility Stock Performance

Shares of BLDE traded up $0.30 during mid-day trading on Thursday, hitting $3.13. The company's stock had a trading volume of 1,912,991 shares, compared to its average volume of 733,459. Blade Air Mobility has a one year low of $2.45 and a one year high of $5.17. The firm has a market capitalization of $244.73 million, a PE ratio of -4.52 and a beta of 1.22. The stock's 50-day moving average is $3.76 and its two-hundred day moving average is $3.67.

Insider Activity

In related news, CFO William A. Heyburn sold 103,670 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.02, for a total value of $520,423.40. Following the completion of the transaction, the chief financial officer now directly owns 1,223,120 shares of the company's stock, valued at $6,140,062.40. This trade represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital initiated coverage on shares of Blade Air Mobility in a research report on Wednesday, February 26th. They set a "buy" rating and a $6.50 price objective on the stock.

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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.

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