Surf Air Mobility (NYSE:SRFM) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Surf Air Mobility (NYSE:SRFM) from a sell rating to a hold rating in a report issued on Saturday morning.

Several other research analysts have also recently weighed in on SRFM. Canaccord Genuity Group set a $1.50 price objective on Surf Air Mobility in a research report on Wednesday. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Alliance Global Partners assumed coverage on Surf Air Mobility in a research report on Friday, May 1st. They set a “buy” rating and a $2.75 price objective for the company. Finally, Northland Securities assumed coverage on Surf Air Mobility in a research report on Thursday, May 7th. They set an “outperform” rating and a $5.00 price objective for the company. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.31.

Surf Air Mobility Price Performance

Shares of Surf Air Mobility stock opened at $1.21 on Friday. Surf Air Mobility has a 1 year low of $1.01 and a 1 year high of $9.91. The business has a 50-day moving average of $1.32 and a two-hundred day moving average of $2.03. The company has a market capitalization of $120.98 million, a P/E ratio of -0.45 and a beta of 2.72.

Insider Buying and Selling

In other news, CFO Oliver Reeves sold 76,569 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1.31, for a total value of $100,305.39. Following the completion of the sale, the chief financial officer directly owned 470,816 shares of the company’s stock, valued at $616,768.96. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 completion of the sale, the chief executive officer directly owned 899,130 shares of the company’s stock, valued at approximately $1,177,860.30. The trade was a 5.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 190,047 shares of company stock valued at $248,962. Insiders own 8.00% of the company’s stock.

Institutional Trading of Surf Air Mobility

A number of hedge funds have recently made changes to their positions in the business. Rathbones Group PLC lifted its position in shares of Surf Air Mobility by 3.1% in the third quarter. Rathbones Group PLC now owns 166,759 shares of the company’s stock valued at $715,000 after buying an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Surf Air Mobility by 18,757.1% in the third quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock valued at $28,000 after buying an additional 6,565 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Surf Air Mobility by 7,157.9% in the third quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock valued at $44,000 after buying an additional 10,021 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Surf Air Mobility in the third quarter valued at approximately $47,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Surf Air Mobility during the 3rd quarter worth approximately $47,000. 17.68% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Surf Air Mobility

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

• Positive Sentiment: Surf Air Mobility said new videos show the internal impact of SurfOS, its AI-enabled operating system powered by Palantir, which it says has improved both its airline and private charter businesses. The update may help support the long-term growth story if the platform drives better efficiency and profitability. Surf Air Mobility Releases Videos Showcasing Internal Impact of SurfOS
• Neutral Sentiment: Northland Securities maintained an Outperform rating and a $5.00 price target on Surf Air Mobility while publishing updated earnings estimates. Even with the positive rating, the broader message remains that the company is still expected to post significant losses over the next several quarters. Northland Securities coverage on Surf Air Mobility
• Negative Sentiment: Analysts at Northland lowered their earnings estimates for FY2026, Q2 2026, Q3 2026, Q4 2026, and FY2027, signaling weaker profitability expectations and likely weighing on the stock. Northland Securities estimate cuts for Surf Air Mobility
• Negative Sentiment: A separate update noted the stock’s price target was reduced to $5.61, reinforcing the view that analysts see limited near-term upside and continued execution risk for Surf Air Mobility. Surf Air Mobility price target decreased

About Surf Air Mobility

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.