HC Wainwright Has Positive Outlook for SRFM FY2025 Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Research analysts at HC Wainwright upped their FY2025 EPS estimates for shares of Surf Air Mobility in a report released on Thursday, November 13th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of ($3.01) for the year, up from their previous estimate of ($3.23). HC Wainwright also issued estimates for Surf Air Mobility’s Q4 2025 earnings at ($0.33) EPS, FY2026 earnings at ($1.07) EPS, FY2027 earnings at ($0.90) EPS, FY2028 earnings at ($0.39) EPS and FY2029 earnings at $0.07 EPS.

Surf Air Mobility (NYSE:SRFM) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.03). The company had revenue of $29.17 million for the quarter. Surf Air Mobility has set its Q4 2025 guidance at EPS.

A number of other research firms also recently weighed in on SRFM. Weiss Ratings reissued a “sell (d-)” rating on shares of Surf Air Mobility in a research note on Wednesday, October 8th. Canaccord Genuity Group cut their target price on Surf Air Mobility from $3.75 to $3.50 and set a “hold” rating on the stock in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Surf Air Mobility has an average rating of “Hold” and an average target price of $6.50.

Surf Air Mobility Stock Performance

SRFM opened at $2.38 on Monday. The company has a fifty day moving average price of $4.17 and a two-hundred day moving average price of $3.91. The firm has a market capitalization of $148.65 million, a PE ratio of -0.96 and a beta of 2.85. Surf Air Mobility has a 52 week low of $1.77 and a 52 week high of $9.91.

Institutional Investors Weigh In On Surf Air Mobility

Hedge funds have recently modified their holdings of the business. Verition Fund Management LLC bought a new position in shares of Surf Air Mobility during the 3rd quarter valued at about $145,000. Millennium Management LLC lifted its stake in Surf Air Mobility by 3,450.8% in the third quarter. Millennium Management LLC now owns 488,272 shares of the company’s stock valued at $2,095,000 after buying an additional 474,521 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Surf Air Mobility by 18.4% in the third quarter. Focus Partners Wealth now owns 385,331 shares of the company’s stock valued at $1,653,000 after buying an additional 60,000 shares during the period. Bank of America Corp DE increased its position in shares of Surf Air Mobility by 7,157.9% during the third quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock worth $44,000 after acquiring an additional 10,021 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Surf Air Mobility by 81,240.1% during the third quarter. Raymond James Financial Inc. now owns 952,492 shares of the company’s stock worth $4,086,000 after acquiring an additional 951,321 shares during the period. Institutional investors and hedge funds own 17.68% of the company’s stock.

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.