Wheels Up Experience (NYSE:UP) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Wheels Up Experience (NYSE:UP) from a hold rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

Wheels Up Experience Stock Down 9.8%

UP stock opened at $5.03 on Friday. Wheels Up Experience has a twelve month low of $4.69 and a twelve month high of $70.00. The stock has a market capitalization of $182.22 million, a price-to-earnings ratio of -0.64 and a beta of 1.86. The firm’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $13.62.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The business had revenue of $168.92 million for the quarter.

Insider Activity at Wheels Up Experience

In related news, CEO George N. Mattson purchased 14,983 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $5.30 per share, for a total transaction of $79,409.90. Following the completion of the acquisition, the chief executive officer owned 14,983 shares in the company, valued at approximately $79,409.90. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 26,316 shares of company stock valued at $138,005 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in 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 in the second quarter worth about $25,000. Hudson Bay Capital Management LP bought a new position in shares of Wheels Up Experience in the second quarter worth about $25,000. Beck Mack & Oliver LLC bought a new position in shares of Wheels Up Experience in the second quarter worth about $27,000. Finally, Rooted Wealth Advisors Inc. grew its holdings in shares of Wheels Up Experience by 80.2% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,041 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

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.