Azul (NYSE:AZUL) Shares Gap Up – What’s Next?

Azul S.A. (NYSE:AZUL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.81, but opened at $1.95. Azul shares last traded at $1.97, with a volume of 311,759 shares traded.

Wall Street Analysts Forecast Growth

AZUL has been the topic of a number of recent analyst reports. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on shares of Azul from $3.60 to $3.10 and set a “neutral” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Azul presently has an average rating of “Hold” and an average target price of $6.46.

Azul Stock Up 13.3 %

The stock’s 50-day moving average price is $2.32 and its 200 day moving average price is $3.19. The company has a market cap of $864.18 million, a P/E ratio of -0.29 and a beta of 1.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AZUL. Inspire Advisors LLC increased its position in Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after acquiring an additional 3,764 shares during the period. Creative Planning acquired a new stake in Azul in the 3rd quarter worth $35,000. Ground Swell Capital LLC bought a new position in shares of Azul during the 3rd quarter worth about $44,000. Sanctuary Advisors LLC acquired a new position in shares of Azul during the second quarter valued at about $51,000. Finally, Jane Street Group LLC raised its position in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after buying an additional 75,291 shares during the last quarter. Institutional investors and hedge funds own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.