Equities Analysts Offer Predictions for SRFM FY2029 Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Investment analysts at HC Wainwright dropped their FY2029 earnings per share estimates for shares of Surf Air Mobility in a report issued on Tuesday, August 11th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.28 for the year, down from their previous estimate of $0.40. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.66) per share.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Northland Securities initiated coverage on Surf Air Mobility in a research note on Thursday, May 7th. They issued an “outperform” rating and a $5.00 target price on the stock. Wall Street Zen upgraded shares of Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Sunday. Alliance Global Partners started coverage on shares of Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 target price for the company. Finally, Canaccord Genuity Group set a $1.50 price target on shares of Surf Air Mobility in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Surf Air Mobility presently has a consensus rating of “Hold” and a consensus target price of $3.08.

Surf Air Mobility Trading Down 6.3%

Shares of NYSE:SRFM opened at $0.80 on Wednesday. The company has a market capitalization of $84.67 million, a PE ratio of -0.50 and a beta of 2.83. Surf Air Mobility has a 12-month low of $0.67 and a 12-month high of $6.17. The business’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $1.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Surf Air Mobility by 233.2% in the third quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company’s stock valued at $8,093,000 after buying an additional 1,320,353 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Surf Air Mobility by 81,240.1% in the third quarter. Raymond James Financial Inc. now owns 952,492 shares of the company’s stock worth $4,086,000 after acquiring an additional 951,321 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Surf Air Mobility during the second quarter worth about $2,212,000. Millennium Management LLC grew its stake in shares of Surf Air Mobility by 3,450.8% during the third quarter. Millennium Management LLC now owns 488,272 shares of the company’s stock worth $2,095,000 after acquiring an additional 474,521 shares during the last quarter. Finally, Balefire LLC purchased a new stake in shares of Surf Air Mobility during the first quarter worth about $376,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Surf Air Mobility News Roundup

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

• Positive Sentiment: Second-quarter revenue reached $29.51 million, near the high end of company guidance, while Surf Air said it met its adjusted EBITDA target despite elevated fuel costs and weather-related disruption in Hawaii. The company also highlighted progress across its airline, private-charter and SurfOS software businesses. Surf Air Mobility Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $35.5 million to $37.5 million is above the $34.8 million analyst consensus, suggesting expected sequential growth. Surf Air Mobility Third-Quarter Guidance
• Positive Sentiment: Surf Air completed the second tranche of a secured financing agreement, providing additional liquidity to support operations and commercialization, although the debt structure may increase financial obligations. Surf Air Mobility Completes Second Tranche of Secured Financing
• Neutral Sentiment: Stonegate Capital Partners said the second-quarter results improved Surf Air’s forward setup, citing revenue performance and the advancement of the company’s first SurfOS enterprise contract. The assessment is supportive but represents third-party analyst commentary rather than a new company financial commitment. Stonegate Capital Partners Updates Coverage on Surf Air Mobility
• Negative Sentiment: The quarter still produced a larger-than-expected per-share loss. Data providers reported a loss ranging from $0.20 to $0.29 per share versus a $0.18 consensus estimate, underscoring ongoing profitability concerns. Surf Air Mobility Reports Second-Quarter Loss
• Negative Sentiment: Full-year 2026 revenue guidance of $128 million to $138 million has a midpoint slightly below the $129 million consensus estimate, offering less evidence of a near-term acceleration for the full year. Surf Air Mobility Second-Quarter Earnings Call Transcript

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.