BETA Technologies (NYSE:BETA) Director Michael Robert Stone Purchases 12,820 Shares

BETA Technologies Inc (NYSE:BETA) Director Michael Stone purchased 12,820 shares of BETA Technologies stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $19.58 per share, with a total value of $251,015.60. Following the transaction, the director owned 1,779,869 shares in the company, valued at approximately $34,849,835.02. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Robert Stone also recently made the following trade(s):

• On Wednesday, September 2nd, Michael Stone purchased 13,125 shares of BETA Technologies stock. The stock was bought at an average cost of $19.19 per share, for a total transaction of $251,868.75.

BETA Technologies Trading Up 1.9%

BETA stock opened at $20.80 on Friday. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The stock has a market cap of $4.69 billion and a price-to-earnings ratio of -1.60. The business’s 50-day moving average is $20.36 and its 200 day moving average is $18.14.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS 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 firm had revenue of $14.66 million for the quarter. On average, sell-side analysts anticipate that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, August 12th. Weiss Ratings lowered BETA Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. General Electric Co purchased a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $644,962,000. TPG GP A LLC acquired a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $462,515,000. Amazon Com Inc. purchased a new position in BETA Technologies during the fourth quarter worth approximately $331,577,000. Vanguard Group Inc. purchased a new position in BETA Technologies during the fourth quarter worth approximately $77,089,000. Finally, Norges Bank acquired a new position in BETA Technologies during the fourth quarter worth $41,485,000.

About BETA Technologies

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.