Wheels Up Experience Inc (NYSE:UP) Receives $11.41 Consensus PT from Brokerages

Wheels Up Experience Inc (NYSE:UP) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.41.

A number of brokerages recently weighed in on UP. Wolfe Research began coverage on Wheels Up Experience in a research note on Thursday, August 19th. They issued a “peer perform” rating on the stock. Credit Suisse Group lowered their target price on Wheels Up Experience from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, November 11th. BTIG Research began coverage on Wheels Up Experience in a report on Monday, August 16th. They issued a “buy” rating and a $13.00 target price on the stock. Barrington Research lowered 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. Finally, Morgan Stanley initiated coverage on Wheels Up Experience in a report on Tuesday, November 9th. They issued an “underweight” rating and a $5.90 target price on the stock.

Shares of Wheels Up Experience stock traded up $0.16 on Thursday, hitting $4.87. 1,840,684 shares of the company traded hands, compared to its average volume of 1,343,085. The stock’s 50-day moving average is $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 results on Wednesday, November 10th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $301.98 million for the quarter, compared to analyst estimates of $261.18 million. On average, research analysts anticipate that Wheels Up Experience will post -0.43 earnings per share for the current year.

In related news, Director David J. Adelman purchased 100,000 shares of the business’s stock in a transaction on Thursday, November 18th. The shares were purchased at an average price of $4.90 per share, with a total value of $490,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several hedge funds and other institutional investors have recently bought and sold shares of UP. Wolverine Asset Management LLC acquired a new position in Wheels Up Experience during the third quarter worth $30,000. Patriot Investment Management Inc. acquired a new position in Wheels Up Experience during the third quarter worth $65,000. JJJ Advisors Inc. acquired a new position in Wheels Up Experience during the third quarter worth $66,000. Avidian Wealth Solutions LLC acquired a new position in Wheels Up Experience during the third quarter worth $66,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in Wheels Up Experience during the third quarter worth $69,000. 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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