Centaurus Financial Inc. Takes Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Centaurus Financial Inc. purchased a new stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) during the 2nd quarter, HoldingsChannel reports. The fund purchased 43,283 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nikko Asset Management Americas Inc. bought a new stake in Blade Air Mobility during the 2nd quarter worth approximately $17,528,000. PNC Financial Services Group Inc. purchased a new stake in Blade Air Mobility during the 2nd quarter valued at $25,000. Platform Technology Partners purchased a new stake in Blade Air Mobility during the 2nd quarter valued at $350,000. ARK Investment Management LLC bought a new position in shares of Blade Air Mobility in the 2nd quarter worth about $41,299,000. Finally, Verity Asset Management Inc. bought a new position in shares of Blade Air Mobility in the 2nd quarter worth about $167,000. 32.96% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on BLDE shares. began coverage on shares of Blade Air Mobility in a research report on Thursday, June 3rd. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group started coverage on shares of Blade Air Mobility in a report on Thursday, August 26th. They set an “outperform” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Blade Air Mobility in a research report on Thursday, September 9th. They issued an “overweight” rating and a $16.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Blade Air Mobility in a research report on Wednesday, September 1st. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Citigroup began coverage on Blade Air Mobility in a research report on Thursday, June 3rd. They issued a “buy” rating on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.25.

Shares of BLDE opened at $9.65 on Wednesday. The firm has a 50-day moving average of $8.17. Blade Air Mobility, Inc. has a 1 year low of $6.41 and a 1 year high of $19.88.

Blade Air Mobility (NASDAQ:BLDE) last issued its earnings results on Monday, August 16th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $12.95 million during the quarter. As a group, sell-side analysts expect that Blade Air Mobility, Inc. will post -0.92 earnings per share for the current fiscal year.

About Blade Air Mobility

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States and internationally. The company provides its services through helicopters and amphibious aircraft. The company was founded in 2014 and is based in New York, New York.

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Institutional Ownership by Quarter for Blade Air Mobility (NASDAQ:BLDE)

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