Goldman Sachs Group Inc. Sells 3,400 Shares of Surf Air Mobility Inc. $SRFM

Goldman Sachs Group Inc. lessened its holdings in shares of Surf Air Mobility Inc. (NYSE:SRFM) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,604 shares of the company’s stock after selling 3,400 shares during the quarter. Goldman Sachs Group Inc. owned about 0.09% of Surf Air Mobility worth $47,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC bought a new stake in Surf Air Mobility during the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Surf Air Mobility from $3.00 to $4.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 10th. Canaccord Genuity Group upped their target price on shares of Surf Air Mobility from $3.00 to $3.75 and gave the stock a “hold” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.58.

Surf Air Mobility Stock Performance

Shares of SRFM stock opened at $4.30 on Wednesday. Surf Air Mobility Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $9.91. The firm has a market cap of $184.17 million, a P/E ratio of -1.55 and a beta of 2.92. The business’s 50 day moving average price is $4.39 and its 200-day moving average price is $3.57.

Surf Air Mobility (NYSE:SRFM) last announced its earnings results on Tuesday, August 12th. The company reported ($0.93) EPS for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.16. The business had revenue of $27.43 million for the quarter, compared to the consensus estimate of $25.90 million. Surf Air Mobility has set its Q3 2025 guidance at EPS.

Surf Air Mobility 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.