Wheels Up Experience (NYSE:UP) Trading Up 10.1% – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price shot up 10.1% on Tuesday . The stock traded as high as $0.7386 and last traded at $0.7340. 938,702 shares were traded during trading, a decline of 71% from the average session volume of 3,220,056 shares. The stock had previously closed at $0.6665.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Wheels Up Experience Stock Performance

The firm’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.56. The stock has a market capitalization of $530.46 million, a price-to-earnings ratio of -1.45 and a beta of 2.34.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $185.49 million for the quarter.

Insider Buying and Selling at Wheels Up Experience

In related news, insider Mark Briffa sold 86,813 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $1.23, for a total value of $106,779.99. Following the completion of the transaction, the insider owned 866,670 shares of the company’s stock, valued at approximately $1,066,004.10. This trade represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Meaghan Danielle Wells sold 47,931 shares of Wheels Up Experience stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $1.22, for a total value of $58,475.82. Following the completion of the sale, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. This represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 144,648 shares of company stock valued at $186,847 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

Institutional investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience in the 3rd quarter valued at about $25,000. Creative Planning bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $25,000. Hudson Bay Capital Management LP bought a new position in shares of Wheels Up Experience during the second quarter valued at about $25,000. CWM LLC grew its position in Wheels Up Experience by 77.0% in the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after purchasing an additional 10,827 shares in the last quarter. Finally, Beck Mack & Oliver LLC purchased a new position in Wheels Up Experience in the second quarter worth $27,000. Institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.