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

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 239.8% in the fourth quarter, HoldingsChannel reports. The firm owned 156,121 shares of the company’s stock after buying an additional 110,177 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Blade Air Mobility were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BLDE. Cobblestone Capital Advisors LLC NY bought a new position in shares of Blade Air Mobility during the third quarter valued at approximately $35,000. Intech Investment Management LLC purchased a new position in Blade Air Mobility during the 3rd quarter valued at $52,000. Virtu Financial LLC bought a new position in Blade Air Mobility in the 4th quarter worth $53,000. Zacks Investment Management purchased a new stake in shares of Blade Air Mobility in the 3rd quarter worth about $89,000. Finally, SG Americas Securities LLC lifted its position in shares of Blade Air Mobility by 30.0% in 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 during the period. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William A. Heyburn sold 103,670 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.02, for a total value of $520,423.40. Following the sale, the chief financial officer now directly owns 1,223,120 shares of the company’s stock, valued at $6,140,062.40. This represents a 7.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.00% of the stock is owned by corporate insiders.

Blade Air Mobility Stock Down 5.7 %

BLDE opened at $2.80 on Friday. Blade Air Mobility, Inc. has a 52 week low of $2.60 and a 52 week high of $5.17. The stock has a market cap of $223.14 million, a PE ratio of -4.06 and a beta of 1.22. The business has a 50 day moving average of $3.48 and a 200-day moving average of $3.66.

Wall Street Analyst Weigh In

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 target on the stock.

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.