Surf Air Mobility Inc. (NYSE:SRFM) Director Sudhin Shahani Buys 17,237 Shares

Surf Air Mobility Inc. (NYSE:SRFM) Director Sudhin Shahani purchased 17,237 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $3.43 per share, for a total transaction of $59,122.91. Following the completion of the acquisition, the director now directly owns 360,877 shares of the company’s stock, valued at approximately $1,237,808.11. The trade was a 5.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Surf Air Mobility Stock Up 2.2 %

SRFM stock opened at $5.61 on Friday. The stock has a market capitalization of $87.00 million, a PE ratio of -0.35 and a beta of 3.30. Surf Air Mobility Inc. has a 52 week low of $0.90 and a 52 week high of $11.83. The firm has a 50 day moving average of $2.92 and a 200 day moving average of $2.28.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Surf Air Mobility from $2.20 to $4.00 and gave the stock a “hold” rating in a research report on Friday, December 13th.

Institutional Investors Weigh In On Surf Air Mobility

A hedge fund recently bought a new stake in Surf Air Mobility stock. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Surf Air Mobility Inc. (NYSE:SRFM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,059 shares of the company’s stock, valued at approximately $31,000. Gordian Capital Singapore Pte Ltd owned 0.18% of Surf Air Mobility as of its most recent filing with the Securities and Exchange Commission. 17.68% of the stock is currently owned by institutional investors and hedge funds.

Surf Air Mobility Company Profile

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.