Surf Air Mobility (NYSE:SRFM) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Surf Air Mobility's stock has been assigned a "Sell (D-)" rating by Weiss Ratings, while Canaccord Genuity raised its price objective from $3.00 to $3.75 and gave it a "hold" rating.
• The company reported quarterly earnings with an EPS of ($0.93), surpassing analyst expectations, and had revenue of $27.43 million for the quarter.
• Surf Air Mobility's market capitalization stands at $187.06 million, with an average target price of $6.58 according to MarketBeat data.

Surf Air Mobility (NYSE:SRFM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Canaccord Genuity Group upped their price objective on shares of Surf Air Mobility from $3.00 to $3.75 and gave the company a "hold" rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.58.

Surf Air Mobility Stock Performance

Shares of Surf Air Mobility stock opened at $4.37 on Friday. The company has a market capitalization of $187.06 million, a PE ratio of -1.57 and a beta of 2.87. The company has a 50-day simple moving average of $4.49 and a two-hundred day simple moving average of $3.77. Surf Air Mobility has a one year low of $1.50 and a one year high of $9.91.

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

Institutional Investors Weigh In On Surf Air Mobility

A number of large investors have recently bought and sold shares of SRFM. XTX Topco Ltd boosted its position in Surf Air Mobility by 44.6% in the first quarter. XTX Topco Ltd now owns 16,906 shares of the company's stock valued at $45,000 after buying an additional 5,214 shares during the last quarter. Geode Capital Management LLC boosted its position in Surf Air Mobility by 14.6% in the second quarter. Geode Capital Management LLC now owns 127,602 shares of the company's stock valued at $471,000 after buying an additional 16,273 shares during the last quarter. DNB Asset Management AS purchased a new stake in Surf Air Mobility in the second quarter valued at approximately $287,000. HRT Financial LP purchased a new stake in Surf Air Mobility in the second quarter valued at approximately $2,212,000. Finally, Tower Research Capital LLC TRC boosted its position in Surf Air Mobility by 1,235.8% in the second quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company's stock valued at $70,000 after buying an additional 17,586 shares during the last quarter. Hedge funds and other institutional investors own 17.68% of the company's stock.

Surf Air Mobility Company Profile

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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