Surf Air Mobility (NYSE:SRFM) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Surf Air Mobility (NYSE:SRFM – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on SRFM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Surf Air Mobility in a report on Thursday, October 22nd. Canaccord Genuity Group lowered their price objective on Surf Air Mobility from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Monday, August 17th. Finally, HC Wainwright reissued a “buy” rating on shares of Surf Air Mobility in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.92.

Get Our Latest Stock Analysis on Surf Air Mobility

Surf Air Mobility Stock Up 0.6%

NYSE:SRFM opened at $0.70 on Friday. The company has a 50-day moving average of $0.80 and a 200-day moving average of $1.16. Surf Air Mobility has a 52 week low of $0.46 and a 52 week high of $3.73.

Surf Air Mobility (NYSE:SRFM – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The firm had revenue of $36.46 million for the quarter. Equities research analysts predict that Surf Air Mobility will post -0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Surf Air Mobility

Institutional investors and hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. grew its holdings in shares of Surf Air Mobility by 12.4% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 136,000 shares of the company’s stock worth $163,000 after purchasing an additional 15,000 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Surf Air Mobility during the 1st quarter valued at about $26,000. Parrish Capital LLC bought a new position in Surf Air Mobility during the 2nd quarter valued at about $27,000. Ritholtz Wealth Management bought a new position in Surf Air Mobility during the 3rd quarter valued at about $37,000. Finally, Squarepoint Ops LLC acquired a new position in Surf Air Mobility in the second quarter valued at about $53,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

About Surf Air Mobility

(Get Free Report)

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.

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