Surf Air Mobility (NYSE:SRFM) Coverage Initiated at Northland Securities

Northland Securities began coverage on shares of Surf Air Mobility (NYSE:SRFM) in a research report issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $5.00 price target on the stock. Northland Securities’ price target points to a potential upside of 271.75% from the stock’s previous close.

Several other brokerages also recently issued reports on SRFM. Alliance Global Partners assumed coverage on Surf Air Mobility in a report on Friday, May 1st. They set a “buy” rating and a $2.75 price target for the company. Canaccord Genuity Group decreased their target price on Surf Air Mobility from $3.50 to $2.25 and set a “hold” rating on the stock in a research note on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Surf Air Mobility in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.50.

Surf Air Mobility Stock Performance

Shares of SRFM stock opened at $1.35 on Thursday. The company has a market cap of $133.83 million, a P/E ratio of -0.39 and a beta of 2.72. Surf Air Mobility has a fifty-two week low of $1.01 and a fifty-two week high of $9.91. The stock has a 50 day simple moving average of $1.40 and a two-hundred day simple moving average of $2.15.

Insider Activity

In related news, CFO Oliver Reeves sold 76,569 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1.31, for a total transaction of $100,305.39. Following the completion of the sale, the chief financial officer directly owned 470,816 shares in the company, valued at $616,768.96. This represents a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Deanna Leigh White sold 56,884 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1.31, for a total value of $74,518.04. Following the sale, the chief executive officer owned 899,130 shares of the company’s stock, valued at $1,177,860.30. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 190,047 shares of company stock worth $248,962 over the last quarter. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Surf Air Mobility

Several institutional investors have recently bought and sold shares of SRFM. Bank of New York Mellon Corp purchased a new stake in Surf Air Mobility during the 1st quarter valued at about $26,000. JPMorgan Chase & Co. boosted its holdings in Surf Air Mobility by 18,757.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock valued at $28,000 after acquiring an additional 6,565 shares during the period. Bank of America Corp DE boosted its holdings in Surf Air Mobility by 7,157.9% during the 3rd quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock valued at $44,000 after acquiring an additional 10,021 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Surf Air Mobility during the 4th quarter valued at about $45,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in Surf Air Mobility during the 3rd quarter valued at about $47,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Surf Air Mobility News Roundup

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities initiated coverage on Surf Air Mobility with an Outperform rating and a $5.00 price target, signaling significant upside versus recent trading levels and potentially supporting the stock. Northland Capital Markets initiates coverage of Surf Air Mobility (SRFM) with outperform recommendation
• Neutral Sentiment: Investors are also watching ahead of Surf Air Mobility’s Q1 2026 earnings, with market commentary highlighting expectations and key items to watch rather than a specific new catalyst. Surf Air Mobility Inc (SRFM) Q1 2026: Everything You Need to Know Ahead of Earnings
• Negative Sentiment: CEO Deanna Leigh White sold 56,884 shares, and CFO Oliver Reeves sold 76,569 shares on May 8. Both sales were reportedly tied to tax withholding from equity vesting, but insider selling can still weigh on sentiment. CEO sale SEC filing CFO sale SEC filing

Surf Air Mobility Company Profile

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.