Surf Air Mobility (NYSE:SRFM) Issues Earnings Results

Key Points

• Surf Air Mobility reported an earnings per share (EPS) of ($0.93) for the quarter, exceeding analysts' expectations by $0.16 EPS.
• The company's stock price is currently $4.19, with a market cap of $80.80 million and a twelve-month trading range between $0.90 and $9.91.
• Insider activity included significant share sales, with a total of 126,472 shares sold in the last quarter, amounting to around $393,344.

Surf Air Mobility (NYSE:SRFM - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.93) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.16, Zacks reports. The business had revenue of $27.43 million during the quarter, compared to analyst estimates of $25.90 million. Surf Air Mobility updated its Q3 2025 guidance to EPS.

Surf Air Mobility Stock Down 6.1%

Shares of SRFM traded down $0.29 during mid-day trading on Friday, hitting $4.46. 2,130,193 shares of the company's stock were exchanged, compared to its average volume of 4,330,220. Surf Air Mobility has a 52 week low of $0.90 and a 52 week high of $9.91. The stock's 50-day simple moving average is $4.22 and its 200-day simple moving average is $3.52. The firm has a market cap of $85.99 million, a price-to-earnings ratio of -1.60 and a beta of 2.92.

Analyst Ratings Changes

Several research firms have recently weighed in on SRFM. Canaccord Genuity Group lowered shares of Surf Air Mobility from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $3.25 to $3.00 in a research note on Friday, June 27th. Piper Sandler increased their price target on shares of Surf Air Mobility from $3.00 to $4.00 and gave the company an "overweight" rating in a report on Tuesday, June 10th.

Insider Activity at Surf Air Mobility

In related news, Director Tyler Painter sold 22,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $5.00, for a total transaction of $110,000.00. Following the sale, the director owned 182 shares in the company, valued at approximately $910. This trade represents a 99.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sudhin Shahani sold 75,840 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $2.43, for a total transaction of $184,291.20. Following the sale, the director owned 549,578 shares in the company, valued at $1,335,474.54. This represents a 12.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,472 shares of company stock worth $393,344 over the last ninety days. Insiders own 8.00% of the company's stock.

Institutional Trading of Surf Air Mobility

Several large investors have recently made changes to their positions in SRFM. 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 in the last quarter. HRT Financial LP acquired 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 in the last quarter. Institutional investors and hedge funds 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.