BETA Technologies Inc (BETA) – What Are Analysts Saying About This Stock?

Shares of BETA Technologies Inc (NYSE:BETA) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $31.50.

A number of brokerages have recently weighed in on BETA. Barclays started coverage on BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 price target on the stock. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Wall Street Zen cut shares of BETA Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research note on Wednesday, October 21st. Finally, BTIG Research restated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th.

BETA Technologies Stock Down 3.9%

BETA Technologies stock opened at $19.95 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. The stock has a market capitalization of $4.50 billion and a price-to-earnings ratio of -1.53. BETA Technologies has a 1-year low of $13.43 and a 1-year high of $39.50. The business has a fifty day moving average price of $21.07 and a 200-day moving average price of $19.21.

BETA Technologies (NYSE:BETA) last announced its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. The business had revenue of $14.66 million for the quarter. Equities research analysts forecast that BETA Technologies will post -2.25 EPS for the current fiscal year.

Insider Buying and Selling at BETA Technologies

In other news, insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $19.76, for a total transaction of $197,600.00. Following the sale, the insider directly owned 5,005,936 shares of the company’s stock, valued at $98,917,295.36. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 333,901 shares of company stock worth $7,695,818 over the last 90 days. 24.47% of the stock is owned by insiders.

Hedge Funds Weigh In On BETA Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Masters Capital Management LLC acquired a new stake in shares of BETA Technologies in the first quarter worth $10,290,000. Bank of America Corp DE grew its position in BETA Technologies by 117.2% during the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock worth $5,117,000 after purchasing an additional 187,807 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of BETA Technologies in the 2nd quarter valued at about $2,877,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of BETA Technologies in the 3rd quarter valued at about $2,905,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of BETA Technologies in the second quarter worth about $2,045,000.

About BETA Technologies

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.