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

Blade Air Mobility (NASDAQ:BLDE) 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.

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.