Brave Asset Management Inc. Invests $86,000 in Surf Air Mobility Inc. (NYSE:SRFM)

Brave Asset Management Inc. acquired a new position in shares of Surf Air Mobility Inc. (NYSE:SRFM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 16,000 shares of the company’s stock, valued at approximately $86,000.

Separately, Gordian Capital Singapore Pte Ltd bought a new stake in Surf Air Mobility in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Insider Buying and Selling

In related news, Director Sudhin Shahani acquired 17,237 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $3.43 per share, for a total transaction of $59,122.91. Following the completion of the transaction, the director now owns 360,877 shares of the company’s stock, valued at $1,237,808.11. This trade represents a 5.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.10% of the stock is owned by corporate insiders.

Surf Air Mobility Trading Down 1.8 %

Shares of NYSE:SRFM opened at $3.81 on Thursday. Surf Air Mobility Inc. has a 12-month low of $0.90 and a 12-month high of $10.08. The stock’s 50-day moving average price is $3.69 and its 200-day moving average price is $2.50. The stock has a market capitalization of $59.09 million, a P/E ratio of -0.24 and a beta of 2.47.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on shares of Surf Air Mobility from $2.20 to $4.00 and gave the company a “hold” rating in a research report on Friday, December 13th.

Surf Air Mobility Profile

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.