Surf Air Mobility (NYSE:SRFM) Releases Earnings Results, Beats Expectations By $0.16 EPS

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 data on Tuesday. The company reported ($0.93) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.09) by $0.16, Zacks reports. Surf Air Mobility updated its Q3 2025 guidance to EPS.

Surf Air Mobility Price Performance

NYSE:SRFM traded up $0.07 during mid-day trading on Tuesday, reaching $4.19. The company's stock had a trading volume of 3,363,427 shares, compared to its average volume of 3,539,403. The stock has a market cap of $80.80 million, a P/E ratio of -1.12 and a beta of 2.92. Surf Air Mobility has a twelve month low of $0.90 and a twelve month high of $9.91. The company's fifty day simple moving average is $4.05 and its two-hundred day simple moving average is $3.51.

Insider Activity

In other news, Director Tyler Painter sold 22,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $5.00, for a total value of $110,000.00. Following the sale, the director owned 182 shares of the company's stock, valued at approximately $910. The trade was a 99.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sudhin Shahani sold 75,840 shares of the business's stock in a transaction on 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 sale, the director directly 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. Over the last quarter, insiders have sold 126,472 shares of company stock worth $393,344. Company insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Surf Air Mobility stock. Geode Capital Management LLC raised its holdings in Surf Air Mobility Inc. (NYSE:SRFM - Free Report) by 14.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,602 shares of the company's stock after buying an additional 16,273 shares during the quarter. Geode Capital Management LLC owned 0.66% of Surf Air Mobility worth $471,000 at the end of the most recent quarter. Institutional investors own 17.68% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SRFM shares. Canaccord Genuity Group downgraded Surf Air Mobility from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $3.25 to $3.00 in a report on Friday, June 27th. Piper Sandler increased their price objective on Surf Air Mobility from $3.00 to $4.00 and gave the company an "overweight" rating in a report on Tuesday, June 10th.

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.

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