Wheels Up Experience (NYSE:UP) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Wheels Up Experience has received a "sell (D-)" rating from Weiss Ratings, indicating negative sentiment from analysts regarding the stock's performance.
• The company's stock price has shown a recent increase of 5.4%, reaching $1.65, with a trading volume surpassing its average.
• Insider sales have occurred recently, with significant shares sold by executives, reflecting a 7.13% decrease in insider ownership following these transactions.

Wheels Up Experience (NYSE:UP - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Wheels Up Experience Stock Up 5.4%

Shares of UP stock traded up $0.09 on Friday, reaching $1.65. The company's stock had a trading volume of 3,634,867 shares, compared to its average volume of 3,086,575. Wheels Up Experience has a 12-month low of $0.74 and a 12-month high of $3.50. The company has a market capitalization of $1.15 billion, a P/E ratio of -3.50 and a beta of 2.32. The stock's 50 day simple moving average is $2.09 and its 200-day simple moving average is $1.57.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $189.64 million during the quarter.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, insider David Godsman sold 75,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $2.83, for a total transaction of $212,250.00. Following the completion of the sale, the insider directly owned 976,715 shares in the company, valued at $2,764,103.45. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Alexander Chatkewitz sold 23,959 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $1.46, for a total transaction of $34,980.14. Following the sale, the chief accounting officer owned 507,462 shares of the company's stock, valued at approximately $740,894.52. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,907 shares of company stock valued at $617,064. 0.15% of the stock is currently owned by insiders.

Institutional Trading of Wheels Up Experience

Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Wheels Up Experience in the second quarter worth about $795,000. Inspire Investing LLC bought a new stake in shares of Wheels Up Experience in the third quarter worth about $463,000. Marshall Wace LLP bought a new stake in shares of Wheels Up Experience in the second quarter worth about $222,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Wheels Up Experience in the second quarter worth about $198,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Wheels Up Experience in the second quarter worth about $172,000. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.

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