Wheels Up Experience (NYSE:UP) Trading 5.5% Higher – Still a Buy?

Shares of Wheels Up Experience Inc. (NYSE:UP) traded up 5.5% during mid-day trading on Tuesday . The stock traded as high as $0.7116 and last traded at $0.7070. 1,687,051 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 3,221,331 shares. The stock had previously closed at $0.67.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. Wall Street Zen downgraded 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 company currently has an average rating of “Sell”.

Wheels Up Experience Stock Performance

The business’s 50-day moving average price is $1.18 and its 200-day moving average price is $1.53. The stock has a market cap of $511.69 million, a P/E ratio of -1.39 and a beta of 2.34.

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

Insider Activity at Wheels Up Experience

In other Wheels Up Experience news, insider Mark Briffa sold 86,813 shares of the company’s stock in a transaction that occurred 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 directly owned 866,670 shares in the company, valued at $1,066,004.10. This represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Meaghan Danielle Wells sold 47,931 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $1.22, for a total transaction of $58,475.82. Following the sale, the insider owned 526,681 shares in the company, valued at $642,550.82. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently bought and sold shares of UP. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience during the third quarter valued at about $25,000. Unconventional Investor LLC purchased a new stake in shares of Wheels Up Experience during the third quarter worth about $31,000. WealthShield Partners LLC bought a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $33,000. Clearstead Advisors LLC bought a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $37,000. Finally, Creative Planning purchased a new position in Wheels Up Experience in the 2nd quarter worth approximately $25,000. Hedge funds and other 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.