Key Points
- Surf Air Mobility CEO Deanna Leigh White sold 56,884 shares on May 8 at an average price of $1.31, worth about $74,518. The sale reduced her holdings by 5.95% and was disclosed as being related to tax withholding from vested equity awards.
- Analysts remain mixed on SRFM: Northland Securities started coverage with an Outperform rating and a $5.00 target, while the overall consensus from MarketBeat is still Hold with an average target price of $3.50.
- Insider selling and earnings attention are in focus, with the company also approaching its Q1 2026 earnings report. Institutional investors own 17.68% of the stock, and the shares were trading near $1.35, well below the prior 52-week high of $9.91.
Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) CEO Deanna Leigh White sold 56,884 shares of the firm's stock in a transaction that occurred 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 owned 899,130 shares of the company's stock, valued at $1,177,860.30. This represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Deanna Leigh White also recently made the following trade(s):
- On Thursday, April 16th, Deanna Leigh White sold 27,720 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.31, for a total value of $36,313.20.
Surf Air Mobility Stock Performance
NYSE SRFM opened at $1.35 on Friday. The company has a market capitalization of $133.83 million, a P/E ratio of -0.39 and a beta of 2.72. Surf Air Mobility Inc. has a one year low of $1.01 and a one year high of $9.91. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $2.15.
Institutional Trading of Surf Air Mobility
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Balefire LLC bought a new stake in Surf Air Mobility in the first quarter worth $376,000. Bank of New York Mellon Corp purchased a new position in Surf Air Mobility during the first quarter worth $26,000. J. Derek Lewis & Associates Inc. bought a new position in Surf Air Mobility during the fourth quarter valued at $308,000. Aristides Capital LLC bought a new position in Surf Air Mobility during the fourth quarter valued at $195,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Surf Air Mobility in the fourth quarter valued at $127,000. Hedge funds and other institutional investors own 17.68% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on SRFM shares. Canaccord Genuity Group lowered their price objective on shares of Surf Air Mobility from $3.50 to $2.25 and set a "hold" rating for the company in a research report on Monday, March 16th. Northland Securities began coverage on shares of Surf Air Mobility in a report on Thursday. They issued an "outperform" rating and a $5.00 target price on the stock. Alliance Global Partners initiated coverage on shares of Surf Air Mobility in a research report on Friday, May 1st. They set a "buy" rating and a $2.75 target price on the stock. Finally, Weiss Ratings downgraded shares of Surf Air Mobility from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Surf Air Mobility currently has a consensus rating of "Hold" and an average target price of $3.50.
Check Out Our Latest Analysis on SRFM
Surf Air Mobility News Summary
Here are the key news stories impacting Surf Air Mobility this week:
Surf Air Mobility Company Profile
(
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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