flyExclusive (NYSE:FLYX) Director Peter Hopper Buys 25,000 Shares of Stock

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper acquired 25,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $2.35 per share, with a total value of $58,750.00. Following the completion of the acquisition, the director directly owned 125,000 shares of the company’s stock, valued at approximately $293,750. This represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

flyExclusive Price Performance

Shares of NYSE:FLYX opened at $2.37 on Wednesday. flyExclusive, Inc. has a 12 month low of $1.90 and a 12 month high of $8.88. The stock has a market cap of $223.61 million, a price-to-earnings ratio of -2.32 and a beta of 0.25. The stock’s 50 day moving average price is $2.66 and its 200 day moving average price is $3.51.

Analyst Ratings Changes

A number of research firms have recently commented on FLYX. Lucid Cap Mkts raised flyExclusive to a “strong-buy” rating in a research note on Monday, January 26th. UBS Group set a $7.00 target price on flyExclusive in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, flyExclusive has an average rating of “Strong Buy” and an average target price of $7.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLYX. Kera Capital Partners Inc. acquired a new position in flyExclusive in the third quarter worth approximately $173,000. Citadel Advisors LLC acquired a new stake in shares of flyExclusive during the 3rd quarter valued at $68,000. MBL Wealth LLC boosted its stake in shares of flyExclusive by 46.9% during the 3rd quarter. MBL Wealth LLC now owns 28,200 shares of the company’s stock worth $139,000 after acquiring an additional 9,000 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of flyExclusive during the 3rd quarter worth $32,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of flyExclusive by 56,636.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after acquiring an additional 6,230 shares during the last quarter. Institutional investors and hedge funds own 12.99% of the company’s stock.

About flyExclusive

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.