Northland Securities Brokers Cut Earnings Estimates for SRFM

Surf Air Mobility Inc. (NYSE:SRFM) – Equities researchers at Northland Securities lowered their Q2 2026 earnings per share (EPS) estimates for shares of Surf Air Mobility in a research note issued on Tuesday, May 12th. Northland Securities analyst M. Latimore now anticipates that the company will post earnings per share of ($0.23) for the quarter, down from their previous forecast of ($0.20). Northland Securities currently has a “Outperform” rating and a $5.00 target price on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($1.15) per share. Northland Securities also issued estimates for Surf Air Mobility’s Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at ($0.15) EPS, FY2026 earnings at ($0.80) EPS, Q1 2027 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.17) EPS, Q4 2027 earnings at ($0.18) EPS and FY2027 earnings at ($0.65) EPS.

Several other analysts have also recently commented on SRFM. Alliance Global Partners initiated coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 price target for the company. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group set a $1.50 price objective on Surf Air Mobility in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.31.

Surf Air Mobility Price Performance

SRFM opened at $1.26 on Thursday. The business has a 50 day simple moving average of $1.34 and a 200-day simple moving average of $2.06. The stock has a market capitalization of $124.87 million, a P/E ratio of -0.47 and a beta of 2.72. Surf Air Mobility has a 12 month low of $1.01 and a 12 month high of $9.91.

Hedge Funds Weigh In On Surf Air Mobility

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Surf Air Mobility during the first quarter worth $26,000. J. Derek Lewis & Associates Inc. purchased a new position in Surf Air Mobility during the fourth quarter worth $308,000. Aristides Capital LLC purchased a new position in Surf Air Mobility during the fourth quarter worth $195,000. Rathbones Group PLC increased its position in Surf Air Mobility by 93.3% during the fourth quarter. Rathbones Group PLC now owns 322,326 shares of the company’s stock worth $625,000 after buying an additional 155,567 shares in the last quarter. Finally, DNB Asset Management AS increased its position in Surf Air Mobility by 139.5% during the fourth quarter. DNB Asset Management AS now owns 44,251 shares of the company’s stock worth $86,000 after buying an additional 25,775 shares in the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Insider Buying and Selling at Surf Air Mobility

In other Surf Air Mobility news, CFO Oliver Reeves sold 76,569 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer owned 470,816 shares of the company’s stock, valued at approximately $616,768.96. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1.31, for a total value of $74,518.04. Following the transaction, the chief executive officer directly owned 899,130 shares of the company’s stock, valued at $1,177,860.30. The trade was a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 190,047 shares of company stock valued at $248,962 in the last three months. 8.00% of the stock is currently owned by company insiders.

Surf Air Mobility News Roundup

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

• Positive Sentiment: Stonegate Capital said Q1 2026 results showed continued execution under Surf Air Mobility’s transformation plan, with revenue of $25.6 million at the high end of guidance and adjusted EBITDA loss of $12.3 million, better than the expected loss range. Article: Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 1Q26
• Positive Sentiment: Surf Air Mobility announced it joined the FAA-sponsored CAAT Consortium, becoming the first Part 135 passenger operator in the group, which may support its long-term technology and regulatory credibility. Article: Surf Air Mobility Joins FAA-Sponsored Center for Advanced Aviation Technologies Consortium
• Neutral Sentiment: Northland Securities maintained an Outperform rating and $5.00 target price, but also reiterated that Surf Air Mobility is still expected to post losses through 2026 and 2027, reflecting a long runway rather than near-term profitability. Article: Northland Securities estimates for Surf Air Mobility
• Negative Sentiment: Northland trimmed earnings estimates for several periods, including FY2026 EPS to -$0.80 from -$0.74, Q3 2026 EPS to -$0.17 from -$0.14, and Q4 2026 EPS to -$0.15 from -$0.12, signaling slightly weaker profitability expectations. Article: Northland Securities estimate cuts for Surf Air Mobility

About Surf Air Mobility

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.