BETA Technologies Inc (NYSE:BETA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BETA Technologies Inc (NYSE:BETA) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $31.1111.

BETA has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th.

Insider Activity at BETA Technologies

In other news, insider Kyle Clark sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $25.42, for a total value of $762,600.00. Following the sale, the insider directly owned 5,396,941 shares in the company, valued at $137,190,240.22. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 298,901 shares of company stock valued at $6,546,418. Company insiders own 24.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. General Electric Co bought a new stake in BETA Technologies during the fourth quarter worth approximately $644,962,000. Vanguard Group Inc. bought a new stake in shares of BETA Technologies in the 4th quarter valued at approximately $77,089,000. Bank of New York Mellon Corp purchased a new position in shares of BETA Technologies in the 1st quarter worth approximately $1,162,000. Masters Capital Management LLC purchased a new position in shares of BETA Technologies in the 1st quarter worth approximately $10,290,000. Finally, Quantinno Capital Management LP bought a new position in shares of BETA Technologies during the 1st quarter valued at approximately $1,115,000.

BETA Technologies Stock Down 2.7%

BETA opened at $19.56 on Wednesday. The firm has a 50-day simple moving average of $20.16 and a two-hundred day simple moving average of $18.09. BETA Technologies has a 52 week low of $13.43 and a 52 week high of $39.50. The company has a market capitalization of $4.41 billion and a PE ratio of -1.50. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings data 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). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million for the quarter. Analysts forecast that BETA Technologies will post -2.25 earnings per share for the current fiscal year.

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.