What is Northland Securities' Forecast for SRFM Q1 Earnings?

Key Points

• Northland Securities expects Surf Air Mobility to report a Q1 2026 loss of $0.29 per share, while maintaining an Outperform rating and a $5.00 price target.
• The firm also forecasts continued losses through 2026, with estimates of -$0.20 in Q2, -$0.14 in Q3 and -$0.12 in Q4, and a full-year 2026 loss of $0.74 per share.
• Sentiment around SRFM remains mixed: other analysts have set targets ranging from $2.25 to $2.75, while recent insider sales by the CEO and CFO may weigh on investor confidence despite being tied to tax withholding.

Surf Air Mobility Inc. (NYSE:SRFM - Free Report) - Stock analysts at Northland Securities issued their Q1 2026 earnings per share estimates for shares of Surf Air Mobility in a research report issued on Thursday, May 7th. Northland Securities analyst M. Latimore forecasts that the company will earn ($0.29) per share for the quarter. Northland Securities currently has a "Outperform" rating and a $5.00 target price on the stock. The consensus estimate for Surf Air Mobility's current full-year earnings is ($1.15) per share. Northland Securities also issued estimates for Surf Air Mobility's Q2 2026 earnings at ($0.20) EPS, Q3 2026 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.12) EPS, FY2026 earnings at ($0.74) EPS, FY2027 earnings at ($0.64) EPS and FY2028 earnings at ($0.58) EPS.

Other analysts have also issued research reports about the company. Alliance Global Partners assumed coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a "buy" rating and a $2.75 target price for the company. Weiss Ratings downgraded shares of Surf Air Mobility from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday. Finally, Canaccord Genuity Group dropped their price target on shares of Surf Air Mobility from $3.50 to $2.25 and set a "hold" rating on the stock in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.50.

Surf Air Mobility Stock Down 0.4%

SRFM opened at $1.35 on Monday. The stock has a fifty day moving average of $1.40 and a 200-day moving average of $2.15. The firm has a market capitalization of $133.83 million, a P/E ratio of -0.39 and a beta of 2.72. Surf Air Mobility has a 12-month low of $1.01 and a 12-month high of $9.91.

Hedge Funds Weigh In On Surf Air Mobility

Several hedge funds have recently bought and sold shares of SRFM. Geode Capital Management LLC increased its position 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 worth $471,000 after buying an additional 16,273 shares during the last quarter. HRT Financial LP acquired a new position in Surf Air Mobility during the second quarter worth $2,212,000. Tower Research Capital LLC TRC increased its position 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 worth $70,000 after buying an additional 17,586 shares during the last quarter. Osaic Holdings Inc. increased its position in Surf Air Mobility by 669.8% during the second quarter. Osaic Holdings Inc. now owns 17,244 shares of the company's stock worth $64,000 after buying an additional 15,004 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in Surf Air Mobility during the third quarter worth $47,000. 17.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Deanna Leigh White sold 56,884 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1.31, for a total value of $74,518.04. Following the transaction, the chief executive officer directly owned 899,130 shares of the company's stock, valued at approximately $1,177,860.30. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Oliver Reeves sold 76,569 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1.31, for a total transaction of $100,305.39. Following the completion of the transaction, the chief financial officer directly owned 470,816 shares in the company, valued at $616,768.96. This trade represents a 13.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 190,047 shares of company stock worth $248,962 over the last ninety days. 8.00% of the stock is currently owned by company insiders.

Key Headlines Impacting Surf Air Mobility

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities initiated coverage on Surf Air Mobility with an Outperform rating and a $5.00 price target, signaling significant upside versus recent trading levels and potentially supporting the stock. Northland Capital Markets initiates coverage of Surf Air Mobility (SRFM) with outperform recommendation
• Neutral Sentiment: Investors are also watching ahead of Surf Air Mobility’s Q1 2026 earnings, with market commentary highlighting expectations and key items to watch rather than a specific new catalyst. Surf Air Mobility Inc (SRFM) Q1 2026: Everything You Need to Know Ahead of Earnings
• Negative Sentiment: CEO Deanna Leigh White sold 56,884 shares, and CFO Oliver Reeves sold 76,569 shares on May 8. Both sales were reportedly tied to tax withholding from equity vesting, but insider selling can still weigh on sentiment. CEO sale SEC filing CFO sale SEC filing

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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