Wheels Up Experience (NYSE:UP) Trading 1.3% Higher – Time to Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 1.3% during trading on Thursday . The company traded as high as $0.5482 and last traded at $0.5370. 1,342,834 shares changed hands during trading, a decline of 47% from the average session volume of 2,531,727 shares. The stock had previously closed at $0.5299.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Stock Down 1.8%

The company has a market capitalization of $382.51 million, a P/E ratio of -1.26 and a beta of 2.34. The business has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $1.19.

Institutional Trading of Wheels Up Experience

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Wheels Up Experience during the 1st quarter valued at about $156,000. Creative Planning acquired a new stake in shares of Wheels Up Experience in the second quarter valued at approximately $25,000. Cetera Investment Advisers bought a new stake in shares of Wheels Up Experience during the second quarter valued at approximately $78,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Wheels Up Experience during the second quarter valued at approximately $54,000. Finally, XTX Topco Ltd acquired a new position in shares of Wheels Up Experience during the second quarter worth approximately $141,000. 98.20% of the stock is currently owned by institutional investors.

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.