Surf Air MobilitySRFM
SRFM
About: Surf Air Mobility Inc provides a regional air mobility platform to connect communities sustainably. The company is an electric aviation and air travel company expanding the category of regional air travel and reinventing flying through electrification. The company is building a regional air mobility ecosystem to sustainably connect the world's communities. It generates revenue through air mobility services.
Employees: 833
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1.89% less ownership
Funds ownership: 12.51% [Q2] → 10.62% (-1.89%) [Q3]
39% less funds holding
Funds holding: 31 [Q2] → 19 (-12) [Q3]
54% less capital invested
Capital invested by funds: $4M [Q2] → $1.82M (-$2.18M) [Q3]
75% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 16
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 15
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
21%
upside
Avg. target
$4
21%
upside
High target
$4
21%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Canaccord Genuity George Gianarikas 52% 1-year accuracy 25 / 48 met price target | 21%upside $4 | Hold Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 5 articles about SRFM published over the past 30 days
Neutral
Business Wire
1 day ago
Surf Air Mobility Appoints David Anderman to Board of Directors
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company's board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderm.
Neutral
Business Wire
1 week ago
Surf Air Mobility Announces Approximately 90% Reduction to Contemplated Future Equity Dilution
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company” or “Surf Air”), a leading regional air mobility platform, announced today that it anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the Company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield LLC (“GEM”). The anticipated amendment,.
Neutral
Business Wire
1 week ago
Deanna White Appointed as Surf Air Mobility's Chief Executive Officer
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air”), a leading regional air mobility platform, announced today it has appointed Deanna White to the position of Chief Executive Officer & Chief Operating Officer, after having served as the Company's Interim CEO & COO since May 2024. Ms. White also previously served as Surf Air Mobility's Chief Financial Officer from May 2022 to December 2023. “Deanna's clear vision of the company's future and her.
Neutral
Business Wire
2 weeks ago
Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air”), a leading regional air mobility platform, announced today it has taken delivery of four Cessna Grand Caravan EX turboprop aircraft from Textron Aviation. These four aircraft are the first deliveries of Surf Air's previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with ITC-AeroLeasing, Inc., an existing aircraft financing partner for Surf Air a.
Neutral
Business Wire
4 weeks ago
Surf Air Mobility Unveils Four-Phase Transformation Plan and Updated Investor Presentation
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations. Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on the Events & Presentations page of the Company's investor website here.
Neutral
Seeking Alpha
1 month ago
Surf Air Mobility Inc. (SRFM) Q3 2024 Earnings Conference Call Transcript
Surf Air Mobility Inc. (NYSE:SRFM ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Deanna White - Chief Operating Officer and Interim Chief Executive Officer Oliver Reeves - Chief Financial Officer Sudhin Shahani - Co-Founder Conference Call Participants Ben Johnson - Piper Sandler Austin Moeller - Canaccord Genuity Operator Good afternoon, ladies and gentlemen. Thank you for standing by.
Negative
Zacks Investment Research
1 month ago
Surf Air Mobility Inc. (SRFM) Reports Q3 Loss, Tops Revenue Estimates
Surf Air Mobility Inc. (SRFM) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of a loss of $1.05. This compares to loss of $6.44 per share a year ago.
Neutral
Business Wire
1 month ago
Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. “The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air mobility operations, implementing new processes, driving improved efficiency and repositioning our air mobility operations for sustained profitability,” said.
Positive
Green Stock News
1 month ago
Green Stock News for November 14th, 2024: $SRFM $EH $TLRY $ADSE
Welcome to the green stock news brief for Thursday, November 14th. Here are today's top headlines: Surf Air Mobility (NYSE: SRFM) has secured a new $50 million Senior Secured Term Loan from Comvest Partners to support its transformation, aiming to become a leading regional air mobility platform with software and electrified aircraft.
Neutral
Business Wire
1 month ago
Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest payments over the first 18 months. Oliver Reeves, Chief Fin.
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