Surf Air Mobility (NYSE:SRFM) Upgraded 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 Sunday.

A number of other analysts have also recently commented on the company. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Alliance Global Partners began coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 price objective on the stock. Canaccord Genuity Group set a $1.50 price objective on Surf Air Mobility in a research note on Wednesday, May 13th. Finally, Northland Securities began coverage on Surf Air Mobility in a research note on Thursday, May 7th. They issued an “outperform” rating and a $5.00 price objective for the company. Three equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.08.

Surf Air Mobility Trading Down 6.3%

NYSE:SRFM opened at $0.80 on Friday. The company has a market capitalization of $84.67 million, a P/E 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 firm has a fifty day simple moving average of $0.93 and a 200-day simple moving average of $1.33.

Institutional Trading of Surf Air Mobility

Several hedge funds and other institutional investors have recently bought and sold shares of SRFM. Vanguard Group Inc. raised its position in Surf Air Mobility by 233.2% during the third quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company’s stock valued at $8,093,000 after acquiring an additional 1,320,353 shares in the last quarter. Raymond James Financial Inc. boosted its position in Surf Air Mobility by 81,240.1% in the 3rd quarter. Raymond James Financial Inc. now owns 952,492 shares of the company’s stock worth $4,086,000 after purchasing an additional 951,321 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Surf Air Mobility during the 2nd quarter worth approximately $2,212,000. Geode Capital Management LLC grew its stake in shares of Surf Air Mobility by 103.6% during the 4th quarter. Geode Capital Management LLC now owns 552,374 shares of the company’s stock worth $1,072,000 after purchasing an additional 281,045 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Surf Air Mobility by 3,450.8% during the 3rd quarter. Millennium Management LLC now owns 488,272 shares of the company’s stock valued at $2,095,000 after purchasing an additional 474,521 shares in the last quarter. 17.68% of the stock is owned by institutional investors and hedge funds.

Surf Air Mobility News Summary

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.