Raymond James Financial Inc. Invests $833,000 in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Raymond James Financial Inc. acquired a new position in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 195,976 shares of the company's stock, valued at approximately $833,000. Raymond James Financial Inc. owned 0.25% of Blade Air Mobility as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Blade Air Mobility in the third quarter worth $52,000. Zacks Investment Management bought a new position in shares of Blade Air Mobility during the 3rd quarter worth about $89,000. SG Americas Securities LLC raised its position in shares of Blade Air Mobility by 30.0% during the fourth quarter. SG Americas Securities LLC now owns 22,970 shares of the company's stock valued at $98,000 after buying an additional 5,297 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Blade Air Mobility by 18.9% in the third quarter. Stifel Financial Corp now owns 35,755 shares of the company's stock valued at $105,000 after buying an additional 5,683 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in Blade Air Mobility during the third quarter worth about $119,000. Institutional investors own 47.36% of the company's stock.

Blade Air Mobility Price Performance

Shares of Blade Air Mobility stock traded down $0.17 during trading on Thursday, hitting $2.60. 1,368,246 shares of the company's stock traded hands, compared to its average volume of 690,008. Blade Air Mobility, Inc. has a twelve month low of $2.35 and a twelve month high of $5.17. The company has a market cap of $207.20 million, a PE ratio of -3.77 and a beta of 1.41. The firm's fifty day moving average price is $3.20 and its 200 day moving average price is $3.62.

Remove Ads

Wall Street Analyst Weigh In

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

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.