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

Surf Air Mobility Inc. (NYSE:SRFM) Director Sudhin Shahani acquired 17,237 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $3.43 per share, with a total value of $59,122.91. Following the acquisition, the director now owns 360,877 shares in the company, valued at $1,237,808.11. The trade was a 5.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Surf Air Mobility Trading Up 56.4 %

NYSE SRFM opened at $5.49 on Friday. The firm has a market capitalization of $85.14 million, a PE ratio of -0.35 and a beta of 3.30. The business’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $2.25. Surf Air Mobility Inc. has a 12 month low of $0.90 and a 12 month high of $11.83.

Wall Street Analysts Forecast Growth

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

Hedge Funds 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 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,059 shares of the company’s stock, valued at approximately $31,000. Gordian Capital Singapore Pte Ltd owned about 0.18% of Surf Air Mobility as of its most recent filing with the SEC. 17.68% of the stock is currently owned by institutional investors.

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.