SG Americas Securities LLC Invests $1.39 Million in BETA Technologies Inc $BETA

SG Americas Securities LLC bought a new position in shares of BETA Technologies Inc (NYSE:BETA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 49,144 shares of the company’s stock, valued at approximately $1,386,000.

Separately, Green Alpha Advisors LLC acquired a new stake in shares of BETA Technologies during the 4th quarter worth about $603,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BETA shares. Wall Street Zen upgraded shares of BETA Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Jefferies Financial Group cut their target price on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. The Goldman Sachs Group cut their target price on shares of BETA Technologies from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Weiss Ratings assumed coverage on shares of BETA Technologies in a research note on Friday, January 30th. They set a “sell (d-)” rating for the company. Finally, Morgan Stanley dropped their price objective on shares of BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, March 10th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BETA Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

BETA Technologies Price Performance

BETA stock opened at $16.53 on Tuesday. The stock’s 50 day moving average is $17.83. The firm has a market cap of $3.66 billion and a PE ratio of -1.39. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 22.77 and a current ratio of 22.77.

BETA Technologies (NYSE:BETA) last posted its earnings results on Monday, March 9th. The company reported ($2.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($1.55). The business had revenue of $11.13 million for the quarter, compared to analysts’ expectations of $6.69 million. The business’s revenue for the quarter was up 152.3% compared to the same quarter last 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.