Stock analysts at HC Wainwright began coverage on shares of Surf Air Mobility (NYSE:SRFM - Get Free Report) in a research report issued on Friday, MarketBeat reports. The firm set a "buy" rating and a $12.00 price target on the stock. HC Wainwright's price target indicates a potential upside of 233.80% from the company's current price.
Separately, Canaccord Genuity Group raised their price objective on Surf Air Mobility from $2.20 to $4.00 and gave the stock a "hold" rating in a report on Friday, December 13th.
Check Out Our Latest Analysis on Surf Air Mobility
Surf Air Mobility Price Performance
Shares of NYSE:SRFM traded down $0.21 during trading on Friday, hitting $3.60. 213,862 shares of the company were exchanged, compared to its average volume of 403,254. The firm's 50 day moving average price is $4.31 and its 200-day moving average price is $3.02. Surf Air Mobility has a 12-month low of $0.90 and a 12-month high of $7.77. The stock has a market capitalization of $60.89 million, a P/E ratio of -0.23 and a beta of 2.50.
Insider Buying and Selling
In other Surf Air Mobility news, Director Sudhin Shahani acquired 17,237 shares of the business's stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $3.43 per share, for a total transaction of $59,122.91. Following the completion of the transaction, the director now owns 360,877 shares of the company's stock, valued at $1,237,808.11. The trade was a 5.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Surf Air Mobility
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Surf Air Mobility in the third quarter valued at about $31,000. Brave Asset Management Inc. acquired a new stake in shares of Surf Air Mobility during the 4th quarter valued at approximately $86,000. Geode Capital Management LLC boosted its stake in shares of Surf Air Mobility by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 93,210 shares of the company's stock worth $503,000 after acquiring an additional 4,215 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Surf Air Mobility during the 4th quarter worth approximately $63,000. Finally, Marshall Wace LLP acquired a new stake in shares of Surf Air Mobility in the 4th quarter worth approximately $375,000. 17.68% of the stock is owned by institutional investors and hedge funds.
About Surf Air Mobility
(
Get Free Report)
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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