HC Wainwright Has Optimistic Outlook of SRFM Q1 Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Equities research analysts at HC Wainwright lifted their Q1 2026 earnings per share estimates for Surf Air Mobility in a research note issued to investors on Wednesday, April 22nd. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of ($0.20) per share for the quarter, up from their previous estimate of ($0.24). The consensus estimate for Surf Air Mobility’s current full-year earnings is ($1.52) per share. HC Wainwright also issued estimates for Surf Air Mobility’s Q2 2026 earnings at ($0.16) EPS, Q3 2026 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.59) EPS, FY2027 earnings at ($0.39) EPS, FY2028 earnings at ($0.02) EPS, FY2029 earnings at $0.40 EPS and FY2030 earnings at $0.90 EPS.

Several other equities research analysts also recently commented on SRFM. Weiss Ratings reissued a “sell (d-)” rating on shares of Surf Air Mobility in a report on Monday. Canaccord Genuity Group lowered their target price on Surf Air Mobility from $3.50 to $2.25 and set a “hold” rating on the stock in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.13.

Surf Air Mobility Stock Down 0.4%

NYSE SRFM opened at $1.14 on Friday. The stock’s 50 day moving average is $1.51 and its 200 day moving average is $2.38. Surf Air Mobility has a twelve month low of $1.04 and a twelve month high of $9.91. The firm has a market capitalization of $95.70 million, a PE ratio of -0.33 and a beta of 3.34.

Insiders Place Their Bets

In other news, CFO Oliver Reeves sold 28,874 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $1.31, for a total value of $37,824.94. Following the completion of the sale, the chief financial officer directly owned 289,564 shares of the company’s stock, valued at $379,328.84. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Deanna Leigh White sold 27,720 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $1.31, for a total transaction of $36,313.20. Following the completion of the sale, the chief executive officer owned 675,530 shares in the company, valued at approximately $884,944.30. The trade was a 3.94% decrease in their position. 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. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Surf Air Mobility

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 6,565 shares in the last quarter. Bank of America Corp DE lifted its holdings in Surf Air Mobility by 7,157.9% during the 3rd quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock valued at $44,000 after buying an additional 10,021 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Surf Air Mobility during the 4th quarter valued at about $45,000. J.W. Cole Advisors Inc. bought a new stake in shares of Surf Air Mobility in the 3rd quarter valued at about $47,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Surf Air Mobility in the 3rd quarter valued at about $47,000. 17.68% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Surf Air Mobility

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: HC Wainwright raised multiple quarterly and annual EPS estimates for SRFM (Q1–Q4 2026 and FY2026–FY2030), cutting near‑term losses and pushing out-year forecasts sharply higher (notably FY2029 to $0.40 from $0.03 and FY2030 to $0.90 from $0.46). The upgrades suggest the analyst sees improved execution and a clearer path to profitability, a fundamentally positive catalyst for the stock. MarketBeat SRFM coverage
• Negative Sentiment: Despite the revisions, consensus still projects a negative full‑year EPS (the current consensus cited is -$1.69), and Surf Air remains loss‑making in the near term. The shares are trading below their 50‑ and 200‑day moving averages, with intraday volume slightly below average and a high beta (3.34) — factors that increase downside risk and help explain why the stock is trading lower today. MarketBeat SRFM technicals

About Surf Air Mobility

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.