Wheels Up Experience (NYSE:UP) Trading 0.4% Higher – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 0.4% during mid-day trading on Monday . The stock traded as high as $0.5375 and last traded at $0.5080. 564,670 shares traded hands during trading, a decline of 65% from the average session volume of 1,629,130 shares. The stock had previously closed at $0.5059.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UP. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Wheels Up Experience Price Performance

The firm has a market capitalization of $369.48 million, a price-to-earnings ratio of -1.21 and a beta of 2.35. The stock has a fifty day moving average of $0.58 and a two-hundred day moving average of $0.94.

Institutional Trading of Wheels Up Experience

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Wheels Up Experience by 26.2% during the 4th quarter. Cetera Investment Advisers now owns 133,942 shares of the company’s stock worth $88,000 after acquiring an additional 27,800 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Wheels Up Experience during the 2nd quarter worth about $25,000. Kestra Private Wealth Services LLC acquired a new stake in Wheels Up Experience during the 3rd quarter worth about $25,000. J. Derek Lewis & Associates Inc. acquired a new stake in Wheels Up Experience during the 4th quarter worth about $356,000. Finally, Alpine Global Management LLC acquired a new stake in Wheels Up Experience during the 4th quarter worth about $176,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.