UBS Group AG Invests $5.36 Million in BETA Technologies Inc $BETA

UBS Group AG bought a new position in BETA Technologies Inc (NYSE:BETA) in the 4th quarter, HoldingsChannel reports. The fund bought 189,908 shares of the company’s stock, valued at approximately $5,357,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $77,089,000. Liberty Street Advisors Inc. acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $28,187,000. Massachusetts Financial Services Co. MA acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $6,349,000. SG Americas Securities LLC acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $1,386,000. Finally, Green Alpha Advisors LLC acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $603,000.

BETA Technologies Trading Up 6.8%

Shares of NYSE BETA opened at $15.97 on Friday. The company has a market cap of $3.55 billion and a P/E ratio of -1.29. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $16.21.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that BETA Technologies Inc will post -2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on BETA shares. UBS Group set a $24.00 price target on BETA Technologies and gave the stock a “buy” rating in a report on Monday, February 9th. 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. Morgan Stanley cut their price target on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group cut their price target on BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, BTIG Research cut their price target on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Insider Activity

In other BETA Technologies news, CFO Herman Cueto sold 18,586 shares of BETA Technologies stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.12, for a total transaction of $336,778.32. Following the sale, the chief financial officer owned 90,465 shares of the company’s stock, valued at $1,639,225.80. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kyle Clark sold 4,965 shares of BETA Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total value of $89,965.80. Following the sale, the insider directly owned 49,746 shares in the company, valued at $901,397.52. The trade was a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 138,928 shares of company stock worth $2,517,375 over the last ninety days. 24.47% of the stock is currently owned by company insiders.

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.