IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 239.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,121 shares of the company’s stock after acquiring an additional 110,177 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.20% of Blade Air Mobility worth $664,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Blade Air Mobility by 10.8% in the 4th quarter. American Century Companies Inc. now owns 109,948 shares of the company’s stock worth $467,000 after purchasing an additional 10,726 shares in the last quarter. Virtu Financial LLC purchased a new stake in Blade Air Mobility in the fourth quarter worth approximately $53,000. Intech Investment Management LLC boosted its stake in Blade Air Mobility by 55.4% in the fourth quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock worth $118,000 after buying an additional 9,887 shares in the last quarter. Royce & Associates LP bought a new position in Blade Air Mobility during the fourth quarter valued at approximately $2,091,000. Finally, First Eagle Investment Management LLC purchased a new position in shares of Blade Air Mobility during the fourth quarter worth approximately $2,278,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on shares of 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 Down 5.7 %

NASDAQ BLDE opened at $2.80 on Friday. The firm has a market cap of $223.14 million, a PE ratio of -4.06 and a beta of 1.22. Blade Air Mobility, Inc. has a 1-year low of $2.60 and a 1-year high of $5.17. The stock has a 50-day moving average of $3.48 and a 200-day moving average of $3.66.

Insiders Place Their Bets

In other 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 value of $520,423.40. Following the transaction, the chief financial officer now owns 1,223,120 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 18.00% of the company’s stock.

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.