BETA Technologies Inc (NYSE:BETA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BETA Technologies Inc (NYSE:BETA) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $31.1111.

BETA has been the subject of a number of analyst reports. Citigroup lowered their price objective on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group lowered their price objective on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 20th. BTIG Research lowered their price objective on BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Cantor Fitzgerald lowered their price objective on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group lowered their price objective on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th.

BETA Technologies Stock Performance

Shares of BETA stock opened at $16.09 on Friday. The business’s 50-day moving average price is $16.81 and its 200-day moving average price is $20.58. BETA Technologies has a 12 month low of $13.43 and a 12 month high of $39.50. The firm has a market capitalization of $3.58 billion and a price-to-earnings ratio of -1.30. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The firm had revenue of $10.13 million for the quarter. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that BETA Technologies will post -2.13 EPS for the current year.

Insider Activity at BETA Technologies

In other BETA Technologies news, Director Michael Robert Stone bought 17,135 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $249,999.65. Following the completion of the acquisition, the director owned 1,767,049 shares in the company, valued at $25,781,244.91. This trade represents a 0.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kyle Clark sold 67,296 shares of BETA Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.12, for a total value of $1,219,403.52. Following the completion of the sale, the insider owned 748,915 shares of the company’s stock, valued at approximately $13,570,339.80. The trade was a 8.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 153,928 shares of company stock valued at $2,755,725 over the last ninety days. Insiders own 24.47% of the company’s stock.

Institutional Investors Weigh In On BETA Technologies

A number of hedge funds have recently added to or reduced their stakes in BETA. Green Alpha Advisors LLC bought a new stake in BETA Technologies in the fourth quarter worth approximately $603,000. SG Americas Securities LLC bought a new stake in BETA Technologies in the fourth quarter worth approximately $1,386,000. Wolff Wiese Magana LLC bought a new stake in BETA Technologies in the fourth quarter worth approximately $42,000. Stratos Wealth Partners LTD. bought a new stake in BETA Technologies in the fourth quarter worth approximately $360,000. Finally, Capricorn Fund Managers Ltd bought a new stake in BETA Technologies in the fourth quarter worth approximately $564,000.

BETA Technologies Company Profile

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.