Wheels Up Experience (NYSE:UP) Shares Gap Up – Time to Buy?

Wheels Up Experience Inc. (NYSE:UP)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $0.6299, but opened at $0.65. Wheels Up Experience shares last traded at $0.74, with a volume of 1,594,434 shares.

Analysts Set New Price Targets

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

Wheels Up Experience Trading Up 9.9%

The business has a fifty day moving average of $1.04 and a 200 day moving average of $1.50. The company has a market capitalization of $499.42 million, a PE ratio of -1.36 and a beta of 2.33.

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

Insiders Place Their Bets

In related news, insider Meaghan Danielle Wells sold 47,931 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $1.22, for a total value of $58,475.82. Following the transaction, the insider owned 526,681 shares in the company, valued at approximately $642,550.82. This trade represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Briffa sold 86,813 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was 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 represents a 9.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Wheels Up Experience

Several large investors have recently added to or reduced their stakes in UP. Deutsche Bank AG raised its holdings in Wheels Up Experience by 69.0% in the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after acquiring an additional 30,058 shares during the period. Nuveen LLC bought a new stake in shares of Wheels Up Experience in the first quarter valued at approximately $148,000. AQR Capital Management LLC acquired a new stake in shares of Wheels Up Experience in the first quarter worth $156,000. Vanguard Personalized Indexing Management LLC raised its stake in Wheels Up Experience by 197.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock valued at $43,000 after purchasing an additional 26,917 shares during the last quarter. Finally, CWM LLC boosted its holdings in Wheels Up Experience by 77.0% in the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after purchasing an additional 10,827 shares during the period. 98.20% of the stock is owned by institutional investors.

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.