BETA Technologies (NYSE:BETA) Rating Lowered to “Sell” at Wall Street Zen

BETA Technologies (NYSE:BETA) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a report on Monday, October 5th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, October 21st. Barclays began coverage on shares of BETA Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $35.00 target price on the stock. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Finally, BTIG Research restated a “buy” rating and issued a $33.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

BETA Technologies Price Performance

Shares of BETA opened at $19.84 on Friday. The firm has a market cap of $4.47 billion and a price-to-earnings ratio of -1.52. The stock has a 50 day moving average of $21.35 and a 200-day moving average of $19.02. 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 has a 52 week low of $13.43 and a 52 week high of $39.50.

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

Insider Activity at BETA Technologies

In related news, Director Michael Stone purchased 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $19.19 per share, with a total value of $251,868.75. Following the acquisition, the director owned 1,792,994 shares in the company, valued at approximately $34,407,554.86. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kyle Clark sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $25.42, for a total value of $762,600.00. Following the completion of the sale, the insider directly owned 5,396,941 shares in the company, valued at approximately $137,190,240.22. This trade represents a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 313,901 shares of company stock valued at $7,306,318 over the last ninety days. Corporate insiders own 24.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new stake in BETA Technologies in the first quarter worth $27,000. Allworth Financial LP lifted its stake in BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,286 shares during the last quarter. IFP Advisors Inc lifted its stake in BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after buying an additional 1,528 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies during the fourth quarter valued at $35,000. Finally, Parallel Advisors LLC boosted its holdings in shares of BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after acquiring an additional 685 shares during the period.

BETA Technologies News Roundup

Here are the key news stories impacting BETA Technologies this week:

• Positive Sentiment: FAA authorization advances commercial eVTOL plans: BETA reportedly became the first company to secure landmark Federal Aviation Administration authorization allowing its electric VTOL aircraft to conduct passenger-carrying flights. The approval strengthens the company’s path toward commercial operations, validates its aircraft and operating procedures, and could expand future revenue opportunities. BETA secures FAA approval for eVTOL aircraft flights
• Positive Sentiment: Broader industry attention supports the catalyst: Coverage indicates BETA’s electric aircraft is entering new operating territories following the FAA authorization, highlighting progress in testing, market surveys and the potential transition from development toward customer service. BETA Technologies takes electric planes to new territories
• Positive Sentiment: Analyst remains constructive: Needham & Company reaffirmed its Buy rating on BETA, providing additional support for investor sentiment after the regulatory announcement. BETA stock rating reaffirmed as Buy by Needham
• Neutral Sentiment: Insider sale disclosed: Director and insider Kyle Clark sold 10,000 shares for approximately $190,600, reducing his ownership by about 0.20%. The relatively small sale may attract attention but leaves him with more than 5 million shares, limiting its significance as a standalone signal. Kyle Clark insider transaction

BETA Technologies Company Profile

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.