Peter Hopper Purchases 25,000 Shares of flyExclusive (NYSE:FLYX) Stock

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $2.35 per share, with a total value of $58,750.00. Following the purchase, the director directly owned 125,000 shares of the company’s stock, valued at $293,750. This trade represents a 25.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

flyExclusive Price Performance

flyExclusive stock opened at $2.37 on Thursday. The stock has a market cap of $223.61 million, a price-to-earnings ratio of -2.32 and a beta of 0.25. The business has a 50-day simple moving average of $2.64 and a 200 day simple moving average of $3.50. flyExclusive, Inc. has a 52 week low of $1.90 and a 52 week high of $8.88.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group set a $7.00 price objective on shares of flyExclusive in a research report on Monday, January 26th. Lucid Cap Mkts raised shares of flyExclusive to a “strong-buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, flyExclusive currently has an average rating of “Strong Buy” and a consensus target price of $7.00.

Institutional Investors Weigh In On flyExclusive

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of flyExclusive by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock worth $467,000 after purchasing an additional 3,373 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of flyExclusive during the 3rd quarter valued at about $68,000. JPMorgan Chase & Co. raised its holdings in shares of flyExclusive by 56,636.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock valued at $31,000 after buying an additional 6,230 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock worth $186,000 after buying an additional 3,750 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in flyExclusive in the 3rd quarter worth approximately $32,000. Institutional investors own 12.99% of the company’s stock.

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.