Wheels Up Experience (NYSE:UP) Shares Gap Up – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $0.7028, but opened at $0.75. Wheels Up Experience shares last traded at $0.6970, with a volume of 969,948 shares trading hands.

Analyst Ratings Changes

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

Wheels Up Experience Stock Performance

The company has a market capitalization of $446.02 million, a PE ratio of -1.24 and a beta of 2.34. The company has a 50 day moving average price of $0.72 and a 200 day moving average price of $1.32.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its position in Wheels Up Experience by 77.0% in the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after purchasing an additional 10,827 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience in the 3rd quarter worth approximately $25,000. Millennium Management LLC raised its stake in Wheels Up Experience by 1.1% during the 4th quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after acquiring an additional 14,332 shares in the last quarter. Unconventional Investor LLC bought a new position in shares of Wheels Up Experience in the third quarter worth $31,000. Finally, WealthShield Partners LLC acquired a new stake in Wheels Up Experience in the third quarter worth about $33,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

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.