Wheels Up Experience (NYSE:UP) Posts Quarterly Earnings Results

Wheels Up Experience (NYSE:UP) announced its quarterly earnings results on Monday. The company reported ($2.29) EPS for the quarter, FiscalAI reports. The company had revenue of $168.92 million during the quarter.

Wheels Up Experience Stock Up 4.7%

Shares of Wheels Up Experience stock opened at $5.40 on Tuesday. Wheels Up Experience has a 12-month low of $4.69 and a 12-month high of $70.00. The stock has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $14.22. The stock has a market capitalization of $195.71 million, a P/E ratio of -0.64 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience has a consensus rating of “Sell”.

Institutional Trading of Wheels Up Experience

Several large investors have recently modified their holdings of the company. Hudson Bay Capital Management LP acquired a new position in Wheels Up Experience during the 2nd quarter valued at $25,000. Creative Planning acquired a new position in shares of Wheels Up Experience during the second quarter valued at about $25,000. Kestra Private Wealth Services LLC bought a new stake in shares of Wheels Up Experience in the third quarter valued at about $25,000. Beck Mack & Oliver LLC acquired a new stake in Wheels Up Experience during the second quarter worth about $27,000. Finally, Rooted Wealth Advisors Inc. increased its stake in Wheels Up Experience by 80.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,041 shares during the period. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Company Profile

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.