flyExclusive (NYSE:FLYX) Director Peter Hopper Buys 50,000 Shares

Key Points

• Director Peter Hopper purchased 50,000 shares of flyExclusive at $2.38 on March 9 for $119,000, doubling his stake to 100,000 shares (a 100% increase) per an SEC filing.
• Wall Street sentiment is upbeat—analysts have an average rating of Strong Buy with a consensus price target of $7.00 (UBS and Lucid Capital Markets among the supporters).
• Shares recently traded down 1.6% to $2.18 on below-average volume; flyExclusive has a market cap of $205.22M, a negative P/E (-2.13), and a 1‑year range of $1.90–$8.88.

flyExclusive, Inc. (NYSE:FLYX - Get Free Report) Director Peter Hopper bought 50,000 shares of the company's stock in a transaction on Monday, March 9th. The shares were bought at an average price of $2.38 per share, for a total transaction of $119,000.00. Following the transaction, the director owned 100,000 shares of the company's stock, valued at approximately $238,000. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

flyExclusive Trading Down 1.6%

Shares of NYSE FLYX traded down $0.04 during mid-day trading on Tuesday, hitting $2.18. The company had a trading volume of 201,432 shares, compared to its average volume of 2,890,818. flyExclusive, Inc. has a 1 year low of $1.90 and a 1 year high of $8.88. The company has a market capitalization of $205.22 million, a price-to-earnings ratio of -2.13 and a beta of 0.25. The stock's 50-day moving average price is $2.69 and its 200-day moving average price is $3.52.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FLYX shares. Lucid Cap Mkts raised shares of flyExclusive to a "strong-buy" rating in a report on Monday, January 26th. UBS Group set a $7.00 price target on shares of flyExclusive in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus price target of $7.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLYX. Geode Capital Management LLC increased its position in shares of flyExclusive by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company's stock worth $467,000 after purchasing an additional 3,373 shares during the last quarter. JPMorgan Chase & Co. lifted its position in flyExclusive by 56,636.4% during the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company's stock valued at $31,000 after purchasing an additional 6,230 shares during the last quarter. Citadel Advisors LLC purchased a new position in flyExclusive in the 3rd quarter worth approximately $68,000. Axxcess Wealth Management LLC grew its stake in flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company's stock worth $186,000 after buying an additional 3,750 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of flyExclusive in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 12.99% of the company's stock.

About flyExclusive

flyExclusive NYSE: FLYX is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.

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