Wheels Up Experience (NYSE:UP) Stock Price Up 9.6% – Time to Buy?

Shares of Wheels Up Experience Inc. (NYSE:UP) shot up 9.6% on Friday . The stock traded as high as $0.6966 and last traded at $0.7140. 793,598 shares were traded during trading, a decline of 57% from the average session volume of 1,843,302 shares. The stock had previously closed at $0.6512.

Analyst Upgrades and Downgrades

UP has been the subject of a number of research reports. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has a consensus rating of “Sell”.

Wheels Up Experience Price Performance

The company has a 50 day moving average of $0.83 and a 200-day moving average of $1.44. The company has a market cap of $495.09 million, a P/E ratio of -1.36 and a beta of 2.34.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $185.49 million during the quarter.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, insider Meaghan Danielle Wells sold 47,931 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.22, for a total value of $58,475.82. Following the completion of the sale, the insider owned 526,681 shares of the company’s stock, valued at $642,550.82. This represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Briffa sold 86,813 shares of Wheels Up Experience stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.23, for a total transaction of $106,779.99. Following the transaction, the insider directly owned 866,670 shares in the company, valued at $1,066,004.10. This trade represents a 9.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Private Wealth Services LLC purchased a new stake in Wheels Up Experience in the third quarter worth $25,000. Unconventional Investor LLC purchased a new position in shares of Wheels Up Experience during the third quarter valued at about $31,000. WealthShield Partners LLC purchased a new stake in Wheels Up Experience in the third quarter worth about $33,000. Clearstead Advisors LLC bought a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $37,000. Finally, Creative Planning purchased a new position in shares of Wheels Up Experience during the 2nd quarter worth approximately $25,000. Hedge funds and other 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.