flyExclusive (NYSE:FLYX) Upgraded at Lucid Cap Mkts

Lucid Cap Mkts upgraded shares of flyExclusive (NYSE:FLYX) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Separately, UBS Group set a $7.00 price objective on shares of flyExclusive in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of $7.00.

flyExclusive Stock Performance

flyExclusive stock opened at $3.25 on Monday. The company has a market cap of $262.24 million, a P/E ratio of -3.16 and a beta of 0.21. flyExclusive has a one year low of $1.90 and a one year high of $8.88. The business has a fifty day moving average of $3.68 and a two-hundred day moving average of $3.67.

Institutional Trading of flyExclusive

Large investors have recently modified their holdings of the business. Axxcess Wealth Management LLC raised its holdings in flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock valued at $186,000 after acquiring an additional 3,750 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of flyExclusive by 56,636.4% in the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock valued at $31,000 after purchasing an additional 6,230 shares during the period. New York State Common Retirement Fund acquired a new position in flyExclusive in the third quarter valued at $32,000. MBL Wealth LLC lifted its position in flyExclusive by 46.9% during the third quarter. MBL Wealth LLC now owns 28,200 shares of the company’s stock worth $139,000 after buying an additional 9,000 shares during the period. Finally, Citadel Advisors LLC purchased a new position in flyExclusive during the third quarter worth about $68,000. 12.99% of the stock is currently owned by institutional investors and hedge funds.

flyExclusive Company Profile

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.