Wheels Up Experience (NYSE:UP) Shares Gap Up – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP) shares gapped up prior to trading on Thursday . The stock had previously closed at $0.7028, but opened at $0.75. Wheels Up Experience shares last traded at $0.6970, with a volume of 969,948 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UP. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Wheels Up Experience Stock Performance

The firm has a market capitalization of $440.96 million, a PE ratio of -1.45 and a beta of 2.34. The company’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $1.31.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, February 19th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $183.84 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $25,000. Creative Planning bought a new stake in Wheels Up Experience in the second quarter valued at $25,000. Hudson Bay Capital Management LP bought a new stake in shares of Wheels Up Experience during the 2nd quarter valued at about $25,000. CWM LLC grew its holdings in shares of Wheels Up Experience by 77.0% during the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after acquiring an additional 10,827 shares during the period. Finally, Beck Mack & Oliver LLC purchased a new stake in Wheels Up Experience in the second quarter worth $27,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

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.