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

DnB Asset Management AS purchased a new stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 227,271 shares of the company's stock, valued at approximately $966,000. DnB Asset Management AS owned about 0.29% of Blade Air Mobility at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. ARK Investment Management LLC boosted its stake in Blade Air Mobility by 11.6% in the fourth quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company's stock valued at $34,217,000 after acquiring an additional 833,848 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Blade Air Mobility by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company's stock worth $4,044,000 after purchasing an additional 52,274 shares during the period. State Street Corp lifted its stake in Blade Air Mobility by 2.5% in the third quarter. State Street Corp now owns 1,280,842 shares of the company's stock valued at $3,766,000 after purchasing an additional 31,313 shares during the last quarter. Tidal Investments LLC lifted its stake in Blade Air Mobility by 15.4% in the third quarter. Tidal Investments LLC now owns 655,616 shares of the company's stock valued at $1,928,000 after purchasing an additional 87,496 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in Blade Air Mobility during the fourth quarter valued at $2,278,000. 47.36% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Lake Street Capital assumed coverage on Blade Air Mobility in a research note on Wednesday, February 26th. They issued a "buy" rating and a $6.50 target price on the stock.

Blade Air Mobility Price Performance

NASDAQ:BLDE traded up $0.06 on Monday, reaching $2.62. 938,804 shares of the company's stock were exchanged, compared to its average volume of 695,154. The firm has a market cap of $208.80 million, a price-to-earnings ratio of -3.80 and a beta of 1.41. The stock has a fifty day simple moving average of $3.32 and a 200-day simple moving average of $3.65. Blade Air Mobility, Inc. has a 52 week low of $2.35 and a 52 week 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.