Surf Air Mobility (NYSE:SRFM) Trading 1.6% Higher - What's Next?

Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report)'s share price traded up 1.6% during mid-day trading on Monday . The stock traded as high as $4.14 and last traded at $4.05. 1,118,610 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 2,523,573 shares. The stock had previously closed at $3.98.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Surf Air Mobility from $3.00 to $3.75 and gave the stock a "hold" rating in a report on Monday, August 18th. Piper Sandler lifted their target price on shares of Surf Air Mobility from $3.00 to $4.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.58.

Surf Air Mobility Stock Up 1.6%

The firm's fifty day moving average price is $4.79 and its two-hundred day moving average price is $3.49. The stock has a market capitalization of $173.25 million, a PE ratio of -1.46 and a beta of 2.92.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $27.43 million for the quarter, compared to analysts' expectations of $25.90 million. Surf Air Mobility has set its Q3 2025 guidance at EPS.

Insider Buying and Selling at Surf Air Mobility

In other news, Director Tyler Painter sold 22,000 shares of the business's 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 completion of the transaction, the director directly owned 182 shares of the company's stock, valued at $910. The trade was a 99.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.00% of the stock is owned by insiders.

Institutional Trading of Surf Air Mobility

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in Surf Air Mobility by 669.8% during the second quarter. Osaic Holdings Inc. now owns 17,244 shares of the company's stock valued at $64,000 after buying an additional 15,004 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Surf Air Mobility by 1,235.8% during 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. HRT Financial LP purchased a new stake in Surf Air Mobility during the second quarter valued at approximately $2,212,000. DNB Asset Management AS purchased a new stake in Surf Air Mobility during the second quarter valued at approximately $287,000. Finally, Geode Capital Management LLC increased its holdings in Surf Air Mobility by 14.6% during 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. 17.68% of the stock is owned by hedge funds and other institutional investors.

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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