Wheels Up Experience (NYSE:UP) Shares Up 10.7% – What’s Next?

Shares of Wheels Up Experience Inc. (NYSE:UP) shot up 10.7% on Thursday . The stock traded as high as $6.77 and last traded at $6.6550. 114,795 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 196,189 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UP. Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen raised Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Trading Down 8.8%

The business has a 50-day moving average price of $9.54 and a 200 day moving average price of $14.58. The stock has a market cap of $218.61 million, a PE ratio of -0.72 and a beta of 1.86.

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently added to or reduced their stakes in UP. Jane Street Group LLC purchased a new stake in Wheels Up Experience during the 2nd quarter worth about $795,000. J. Derek Lewis & Associates Inc. bought a new position in Wheels Up Experience in the 4th quarter worth about $356,000. Inspire Investing LLC increased its stake in Wheels Up Experience by 210.6% in the 4th quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock worth $513,000 after acquiring an additional 529,534 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Wheels Up Experience in the 4th quarter worth about $263,000. Finally, Militia Capital Partners LP bought a new position in Wheels Up Experience in the 3rd quarter worth about $644,000. 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.