Surf Air Mobility's (SRFM) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Surf Air Mobility's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, while other analysts have varied ratings, with a consensus rating of "Hold" and an average target price of $6.58.
• The company's recent quarterly earnings report showed $27.43 million in revenue and earnings per share (EPS) of ($0.93), surpassing analysts' expectations.
• Significant increases in institutional investments have been noted, with XTX Topco Ltd seeing a 44.6% increase in its stake and Tower Research Capital LLC TRC increasing its position by 1,235.8%.

Surf Air Mobility (NYSE:SRFM - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

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

Surf Air Mobility Stock Performance

Shares of NYSE SRFM traded up $0.49 during midday trading on Wednesday, reaching $5.44. The stock had a trading volume of 4,789,342 shares, compared to its average volume of 2,561,900. The stock has a 50-day moving average of $4.36 and a 200-day moving average of $3.61. The company has a market capitalization of $233.00 million, a price-to-earnings ratio of -1.96 and a beta of 2.87. Surf Air Mobility has a 12-month low of $1.50 and a 12-month high of $9.91.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.93) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SRFM. XTX Topco Ltd increased its position in Surf Air Mobility by 44.6% during the 1st quarter. XTX Topco Ltd now owns 16,906 shares of the company's stock valued at $45,000 after purchasing an additional 5,214 shares during the period. Osaic Holdings Inc. increased its position in Surf Air Mobility by 669.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,244 shares of the company's stock valued at $64,000 after purchasing an additional 15,004 shares during the period. Tower Research Capital LLC TRC increased its position in Surf Air Mobility by 1,235.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company's stock valued at $70,000 after purchasing an additional 17,586 shares during the period. DNB Asset Management AS purchased a new position in Surf Air Mobility during the 2nd quarter valued at about $287,000. Finally, Geode Capital Management LLC increased its position in Surf Air Mobility by 14.6% during the 2nd quarter. Geode Capital Management LLC now owns 127,602 shares of the company's stock valued at $471,000 after purchasing an additional 16,273 shares during the period. Hedge funds and other institutional investors 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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