Wheels Up Experience (NYSE:UP) Shares Set to Reverse Split on Monday, April 27th

Wheels Up Experience Inc. (NYSE:UP)’s stock is going to reverse split before the market opens on Monday, April 27th. The 1-20 reverse split was announced on Tuesday, April 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 24th.

Wheels Up Experience Stock Up 2.7%

Shares of NYSE:UP opened at $0.42 on Thursday. Wheels Up Experience has a 12-month low of $0.36 and a 12-month high of $3.50. The stock has a market cap of $302.10 million, a PE ratio of -0.99 and a beta of 2.35. The business has a 50 day moving average of $0.54 and a 200-day moving average of $0.83.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UP. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in Wheels Up Experience during the second quarter valued at approximately $25,000. Kestra Private Wealth Services LLC acquired a new position in Wheels Up Experience during the third quarter valued at approximately $25,000. J. Derek Lewis & Associates Inc. acquired a new position in Wheels Up Experience during the fourth quarter valued at approximately $356,000. Alpine Global Management LLC acquired a new position in Wheels Up Experience during the fourth quarter valued at approximately $176,000. Finally, Instrumental Wealth LLC raised its position in Wheels Up Experience by 103.8% during the fourth quarter. Instrumental Wealth LLC now owns 234,221 shares of the company’s stock valued at $155,000 after purchasing an additional 119,299 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.