Wheels Up Experience Inc (NYSE:UP) Receives $11.41 Average Price Target from Analysts

Wheels Up Experience Inc (NYSE:UP) has received an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.41.

Several equities research analysts recently weighed in on the company. Wolfe Research began coverage on Wheels Up Experience in a report on Thursday, August 19th. They set a “peer perform” rating for the company. Zacks Investment Research cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Tuesday, November 16th. Credit Suisse Group cut their price target on shares of Wheels Up Experience from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, November 11th. Raymond James cut their price target on shares of Wheels Up Experience from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, November 11th. Finally, Barrington Research cut shares of Wheels Up Experience from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a report on Tuesday, November 16th.

Shares of UP traded up $0.16 during midday trading on Thursday, reaching $4.87. The stock had a trading volume of 1,840,684 shares, compared to its average volume of 1,343,085. The business has a 50-day moving average price of $6.87. Wheels Up Experience has a 12-month low of $4.50 and a 12-month high of $15.00.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $301.98 million during the quarter, compared to analysts’ expectations of $261.18 million. Research analysts expect that Wheels Up Experience will post -0.43 EPS for the current fiscal year.

In other news, Director David J. Adelman bought 100,000 shares of Wheels Up Experience stock in a transaction that occurred on Thursday, November 18th. The stock was bought at an average cost of $4.90 per share, with a total value of $490,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in Wheels Up Experience during the 3rd quarter valued at about $30,000. Moors & Cabot Inc. bought a new position in Wheels Up Experience during the 3rd quarter valued at about $49,000. Patriot Investment Management Inc. bought a new position in Wheels Up Experience during the 3rd quarter valued at about $65,000. JJJ Advisors Inc. bought a new position in Wheels Up Experience during the 3rd quarter valued at about $66,000. Finally, Avidian Wealth Solutions LLC bought a new position in Wheels Up Experience in the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 14.77% of the company’s stock.

About Wheels Up Experience

Aspirational Consumer Lifestyle Corp. has entered into a definitive merger agreement with Wheels Up Partners Holdings LLC.

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Analyst Recommendations for Wheels Up Experience (NYSE:UP)

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