Wheels Up Experience (NYSE:UP) Stock Price Up 11% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) traded up 11% during mid-day trading on Tuesday . The company traded as high as $0.7250 and last traded at $0.73. 598,003 shares were traded during trading, a decline of 91% from the average session volume of 6,509,052 shares. The stock had previously closed at $0.6575.

Analysts Set New Price Targets

Several research firms have recently weighed in on UP. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience currently has a consensus rating of “Sell”.

Wheels Up Experience Trading Down 13.1%

The stock has a market cap of $440.96 million, a P/E ratio of -1.20 and a beta of 2.34. The company’s 50 day moving average price is $0.72 and its two-hundred day moving average price is $1.31.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, February 19th. The company reported ($0.03) EPS for the quarter.

Institutional Trading of Wheels Up Experience

Hedge funds have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC bought a new position in shares of Wheels Up Experience in the third quarter worth about $25,000. Creative Planning bought a new position in shares of Wheels Up Experience during the 2nd quarter valued at approximately $25,000. Hudson Bay Capital Management LP purchased a new stake in Wheels Up Experience in the 2nd quarter worth approximately $25,000. CWM LLC raised its stake in Wheels Up Experience by 77.0% during the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after acquiring an additional 10,827 shares during the period. Finally, Beck Mack & Oliver LLC bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $27,000. Institutional investors own 98.20% of the company’s stock.

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.