Wheels Up Experience (NYSE:UP) Issues Quarterly Earnings Results

Wheels Up Experience (NYSE:UP) posted its earnings results on Monday. The company reported ($2.29) earnings per share for the quarter, FiscalAI reports. The business had revenue of $168.92 million during the quarter.

Wheels Up Experience Trading Down 13.9%

Shares of NYSE:UP traded down $0.84 on Monday, reaching $5.17. 425,325 shares of the company’s stock were exchanged, compared to its average volume of 206,390. The company has a fifty day moving average of $9.54 and a 200-day moving average of $14.58. Wheels Up Experience has a twelve month low of $4.69 and a twelve month high of $70.00. The company has a market capitalization of $187.33 million, a price-to-earnings ratio of -0.62 and a beta of 1.86.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UP. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

Institutional Trading of Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in UP. AQR Capital Management LLC bought a new stake in shares of Wheels Up Experience during the 1st quarter worth approximately $156,000. Creative Planning bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $25,000. Cetera Investment Advisers bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $78,000. XTX Topco Ltd bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $141,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $73,000. Institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.