Surf Air Mobility (NYSE:SRFM) Shares Up 1.2% - Time to Buy?

Key Points

• Surf Air Mobility's shares increased by 1.2% to $4.30, with a trading volume up 8% from the average.
• Analysts have upgraded their price targets for Surf Air Mobility, with a consensus rating of "Moderate Buy" and an average price target of $6.58.
• The company exceeded earnings expectations for the last quarter, reporting an EPS of ($0.93) against an estimate of ($1.09), along with revenues of $27.43 million.

Shares of Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) traded up 1.2% during trading on Tuesday . The company traded as high as $4.49 and last traded at $4.30. 2,110,586 shares changed hands during trading, an increase of 8% from the average session volume of 1,962,780 shares. The stock had previously closed at $4.25.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Surf Air Mobility from $3.00 to $3.75 and gave the stock a "hold" rating in a research note on Monday, August 18th. Piper Sandler upped their target price on Surf Air Mobility from $3.00 to $4.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $6.58.

Surf Air Mobility Stock Up 1.2%

The firm has a market capitalization of $184.17 million, a price-to-earnings ratio of -1.55 and a beta of 2.92. The firm's 50 day moving average is $4.39 and its 200 day moving average is $3.57.

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

Institutional Trading of Surf Air Mobility

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Surf Air Mobility during the fourth quarter valued at about $99,000. XTX Topco Ltd lifted its position in shares of Surf Air Mobility by 44.6% in the 1st quarter. XTX Topco Ltd now owns 16,906 shares of the company's stock valued at $45,000 after acquiring an additional 5,214 shares in the last quarter. Geode Capital Management LLC boosted its stake in Surf Air Mobility by 14.6% in the 2nd quarter. Geode Capital Management LLC now owns 127,602 shares of the company's stock worth $471,000 after purchasing an additional 16,273 shares during the period. DNB Asset Management AS purchased a new position in Surf Air Mobility during the 2nd quarter worth approximately $287,000. Finally, HRT Financial LP purchased a new position in Surf Air Mobility during the 2nd quarter worth approximately $2,212,000. 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.

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