HC Wainwright Expects Higher Earnings for Surf Air Mobility

Key Points

• HC Wainwright has raised its Q3 2025 earnings per share forecast for Surf Air Mobility to ($0.49), up from a previous estimate of ($0.74).
• Surf Air Mobility reported Q2 earnings of ($0.93) per share, which was better than the consensus estimate of ($1.09), along with revenue of $27.43 million exceeding expectations.
• Insider selling of Surf Air Mobility shares has occurred, with significant sales by directors Sudhin Shahani and Tyler Painter reducing their holdings by over 12% and 99% respectively.

Surf Air Mobility Inc. (NYSE:SRFM - Free Report) - Analysts at HC Wainwright boosted their Q3 2025 earnings per share estimates for Surf Air Mobility in a research note issued to investors on Thursday, August 14th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of ($0.49) for the quarter, up from their prior estimate of ($0.74). HC Wainwright also issued estimates for Surf Air Mobility's Q4 2025 earnings at ($0.50) EPS, FY2026 earnings at ($1.68) EPS, FY2027 earnings at ($1.31) EPS, FY2028 earnings at ($0.54) EPS and FY2029 earnings at $0.06 EPS.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group increased their price target on Surf Air Mobility from $3.00 to $3.75 and gave the company a "hold" rating in a research note on Monday. Piper Sandler increased their price target on Surf Air Mobility from $3.00 to $4.00 and gave the company an "overweight" rating in a research note on Tuesday, June 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Surf Air Mobility presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.58.

Surf Air Mobility Price Performance

Surf Air Mobility stock traded up $0.2370 during midday trading on Monday, reaching $4.6370. The company's stock had a trading volume of 1,908,355 shares, compared to its average volume of 3,271,942. The stock's 50-day simple moving average is $4.41 and its 200-day simple moving average is $3.53. Surf Air Mobility has a 52-week low of $0.90 and a 52-week high of $9.91. The stock has a market capitalization of $198.60 million, a P/E ratio of -1.67 and a beta of 2.92.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.93) EPS for the quarter, beating analysts' consensus estimates of ($1.09) by $0.16. The business had revenue of $27.43 million during the quarter, compared to analysts' expectations of $25.90 million. Surf Air Mobility has set its Q3 2025 guidance at EPS.

Insider Activity

In other news, Director Sudhin Shahani sold 75,840 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $2.43, for a total value of $184,291.20. Following the completion of the transaction, the director directly owned 549,578 shares in the company, valued at $1,335,474.54. This trade represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tyler Painter sold 22,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $5.00, for a total value of $110,000.00. Following the completion of the transaction, the director owned 182 shares of the company's stock, valued at approximately $910. The trade was a 99.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,423 shares of company stock valued at $368,623. Company insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. HRT Financial LP purchased a new position in shares of Surf Air Mobility in the second quarter worth about $2,212,000. Geode Capital Management LLC grew its holdings in Surf Air Mobility by 14.6% during the second quarter. Geode Capital Management LLC now owns 127,602 shares of the company's stock worth $471,000 after acquiring an additional 16,273 shares during the period. DNB Asset Management AS acquired a new stake in Surf Air Mobility during the second quarter worth about $287,000. Marshall Wace LLP acquired a new stake in Surf Air Mobility during the fourth quarter worth about $375,000. Finally, Tower Research Capital LLC TRC grew its holdings in Surf Air Mobility by 1,235.8% during the second quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company's stock worth $70,000 after acquiring an additional 17,586 shares during the period. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

About Surf Air Mobility

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.