Wheels Up Experience (NYSE:UP) Trading Up 0.2% – Still a Buy?

Wheels Up Experience Inc. (NYSE:UP)’s share price shot up 0.2% on Monday . The company traded as high as $7.52 and last traded at $7.2110. 48,983 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 227,029 shares. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research 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 Performance

The stock has a market cap of $250.89 million, a P/E ratio of -0.88 and a beta of 2.06. The stock has a 50-day moving average price of $7.87 and a 200-day moving average price of $11.53.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share for the quarter. The company had revenue of $168.92 million for the quarter.

Insider Transactions at Wheels Up Experience

In related news, CEO George N. Mattson bought 14,983 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $5.30 per share, for a total transaction of $79,409.90. Following the completion of the transaction, the chief executive officer owned 14,983 shares of the company’s stock, valued at approximately $79,409.90. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 27,791 shares of company stock valued at $146,206 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently made changes to their positions in UP. WNY Asset Management LLC bought a new position in shares of Wheels Up Experience during the first quarter valued at about $39,000. Knighthead Capital Management LLC purchased a new position in shares of Wheels Up Experience in the first quarter worth $133,344,000. Cetera Investment Advisers boosted its position in Wheels Up Experience by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock valued at $93,000 after buying an additional 45,661 shares during the period. Kore Advisors LP increased its position in shares of Wheels Up Experience by 0.6% in the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock valued at $7,848,000 after acquiring an additional 94,176 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Wheels Up Experience by 35.9% during the first quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after purchasing an additional 280,705 shares during the period. Hedge funds and other institutional investors 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.