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

Shares of BETA Technologies Inc (NYSE:BETA) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.1111.

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. BTIG Research decreased their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday, May 13th. Citigroup dropped their price target on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, The Goldman Sachs Group cut their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th.

Insider Transactions at BETA Technologies

In related news, insider Kyle Clark sold 67,296 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52. Following the completion of the transaction, the insider owned 748,915 shares in the company, valued at approximately $13,570,339.80. This represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO David Lawrence Churchill sold 18,981 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total transaction of $343,935.72. Following the transaction, the chief technology officer directly owned 552,647 shares of the company’s stock, valued at $10,013,963.64. The trade was a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 243,928 shares of company stock valued at $4,220,475. 24.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. General Electric Co bought a new stake in shares of BETA Technologies in the fourth quarter worth about $644,962,000. TPG GP A LLC purchased a new stake in shares of BETA Technologies in the fourth quarter worth about $462,515,000. Amazon Com Inc. bought a new position in BETA Technologies during the fourth quarter valued at approximately $331,577,000. Vanguard Group Inc. purchased a new position in BETA Technologies during the 4th quarter valued at approximately $77,089,000. Finally, Norges Bank purchased a new position in BETA Technologies during the 4th quarter valued at approximately $41,485,000.

BETA Technologies Trading Down 1.4%

Shares of BETA Technologies stock opened at $17.45 on Tuesday. The company has a market capitalization of $3.88 billion and a P/E ratio of -1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The company has a fifty day moving average of $16.97 and a 200 day moving average of $19.04. BETA Technologies has a fifty-two week low of $13.43 and a fifty-two week high of $39.50.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.21. The business had revenue of $10.13 million during the quarter. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that BETA Technologies will post -2.17 earnings per share for the current fiscal year.

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.