Surf Air Mobility (NYSE:SRFM) Trading Down 3.4% - Should You Sell?

Key Points

• Surf Air Mobility Inc. shares fell by 3.4% to close at $4.72, with trading volume down by 19% compared to the average.
• Analyst ratings for the stock varied, with Canaccord Genuity lowering its rating to "hold" and Piper Sandler increasing its price target to $4.00.
• Surf Air Mobility reported an EPS of ($0.93), beating estimates, alongside a revenue of $27.43 million, exceeding analyst expectations.

Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) was down 3.4% during mid-day trading on Thursday . The company traded as low as $4.42 and last traded at $4.72. Approximately 3,635,219 shares changed hands during trading, a decline of 19% from the average daily volume of 4,484,581 shares. The stock had previously closed at $4.88.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler lifted their price target on Surf Air Mobility from $3.00 to $4.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Canaccord Genuity Group lifted their price target on Surf Air Mobility from $3.00 to $3.75 and gave the stock a "hold" rating in a report on Monday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.58.

Surf Air Mobility Trading Down 0.5%

The firm has a market capitalization of $84.04 million, a PE ratio of -1.55 and a beta of 2.92. The company has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $3.52.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.93) earnings per share for the quarter, beating the consensus estimate of ($1.09) by $0.16. The firm 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 Surf Air Mobility news, Director Tyler Painter sold 22,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $5.00, for a total transaction of $110,000.00. Following the transaction, the director owned 182 shares in the company, valued at approximately $910. The trade was a 99.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sudhin Shahani sold 75,840 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 549,578 shares in the company, valued at $1,335,474.54. The trade was a 12.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,472 shares of company stock worth $393,344 in the last 90 days. 8.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Surf Air Mobility

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Surf Air Mobility during the 4th quarter worth approximately $63,000. Jane Street Group LLC purchased a new stake in Surf Air Mobility in the 4th quarter valued at approximately $99,000. Tower Research Capital LLC TRC lifted its stake in Surf Air Mobility by 1,235.8% in the 2nd 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. Marshall Wace LLP purchased a new stake in Surf Air Mobility in the 4th quarter valued at approximately $375,000. Finally, DNB Asset Management AS purchased a new stake in Surf Air Mobility in the 2nd quarter valued at approximately $287,000. Institutional investors and hedge funds own 17.68% of the company's stock.

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.