Surf Air Mobility (NYSE:SRFM) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities assumed coverage on shares of Surf Air Mobility (NYSE:SRFM) in a research report report published on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $5.00 target price on the stock.

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

Surf Air Mobility Stock Down 5.3%

NYSE:SRFM opened at $1.35 on Thursday. Surf Air Mobility has a 52 week low of $1.01 and a 52 week high of $9.91. The stock has a market capitalization of $133.83 million, a PE ratio of -0.39 and a beta of 2.72. The stock’s 50-day moving average price is $1.40 and its 200-day moving average price is $2.15.

Insider Transactions at Surf Air Mobility

In related news, CFO Oliver Reeves sold 76,569 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1.31, for a total value of $100,305.39. Following the transaction, the chief financial officer directly owned 470,816 shares of the company’s stock, valued at approximately $616,768.96. This trade represents a 13.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 dated Friday, May 8th. The shares were sold at an average price of $1.31, for a total transaction of $74,518.04. Following the completion of the transaction, the chief executive officer directly owned 899,130 shares in the company, 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 sold a total of 190,047 shares of company stock worth $248,962 over the last ninety days. 8.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Key Headlines Impacting Surf Air Mobility

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.