Surf Air Mobility (NYSE:SRFM) Downgraded by Wall Street Zen to “Sell”

Posted by George Bondi on Aug 2nd, 2026

Wall Street Zen cut shares of Surf Air Mobility (NYSE:SRFM – Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

SRFM has been the subject of several other research reports. Northland Securities started coverage on Surf Air Mobility in a research note on Thursday, May 7th. They set an “outperform” rating and a $5.00 target price for the company. Alliance Global Partners assumed coverage on Surf Air Mobility in a research report on Friday, May 1st. They issued a “buy” rating and a $2.75 price target on the stock. Canaccord Genuity Group set a $1.50 price target on Surf Air Mobility in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.08.

Read Our Latest Research Report on Surf Air Mobility

Surf Air Mobility Stock Performance

Shares of NYSE:SRFM opened at $0.76 on Friday. The stock’s 50-day moving average is $0.99 and its 200-day moving average is $1.43. The company has a market cap of $80.63 million, a P/E ratio of -0.29 and a beta of 2.74. Surf Air Mobility has a 52-week low of $0.67 and a 52-week high of $6.17.

Insider Activity

In other news, CEO Deanna Leigh White sold 56,884 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1.31, for a total transaction of $74,518.04. Following the completion of the transaction, the chief executive officer owned 899,130 shares of the company’s stock, valued at approximately $1,177,860.30. This represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Oliver Reeves sold 76,569 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1.31, for a total transaction of $100,305.39. Following the completion of the sale, the chief financial officer owned 470,816 shares of the company’s stock, valued at approximately $616,768.96. The trade was a 13.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 4.19% of the company’s stock.

Hedge Funds Weigh In On Surf Air Mobility

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Surf Air Mobility by 233.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company’s stock worth $8,093,000 after purchasing an additional 1,320,353 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Surf Air Mobility by 81,240.1% during the third quarter. Raymond James Financial Inc. now owns 952,492 shares of the company’s stock valued at $4,086,000 after purchasing an additional 951,321 shares during the period. HRT Financial LP acquired a new position in shares of Surf Air Mobility in the second quarter valued at $2,212,000. Millennium Management LLC raised its stake in shares of Surf Air Mobility by 3,450.8% in the third quarter. Millennium Management LLC now owns 488,272 shares of the company’s stock valued at $2,095,000 after purchasing an additional 474,521 shares in the last quarter. Finally, Balefire LLC bought a new position in Surf Air Mobility in the first quarter worth $376,000. 17.68% of the stock is currently owned by institutional investors.

Surf Air Mobility Company Profile

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Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.