BETA Technologies (NYSE:BETA – Get Free Report)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They presently have a $31.00 price target on the stock. Cantor Fitzgerald‘s price target points to a potential upside of 31.48% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Barclays began coverage on shares of BETA Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $35.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective (down from $34.00) on shares of BETA Technologies in a research report on Wednesday. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Citigroup restated a “buy” rating 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BETA Technologies presently has an average rating of “Moderate Buy” and an average target price of $30.90.
Read Our Latest Research Report on BETA Technologies
BETA Technologies Stock Up 15.7%
NYSE BETA opened at $23.58 on Wednesday. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $20.76 and a two-hundred day moving average of $19.08. The firm has a market capitalization of $5.32 billion and a price-to-earnings ratio of -1.81. BETA Technologies has a 52 week low of $13.43 and a 52 week high of $39.50.
BETA Technologies (NYSE:BETA – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The business had revenue of $17.67 million for the quarter. During the same quarter last year, the firm earned ($9.83) EPS. The company’s revenue was up 98.6% on a year-over-year basis. On average, analysts predict that BETA Technologies will post -2.25 earnings per share for the current year.
Insider Buying and Selling at BETA Technologies
In other news, insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $19.92, for a total transaction of $199,200.00. Following the completion of the sale, the insider directly owned 4,965,936 shares of the company’s stock, valued at approximately $98,921,445.12. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 353,901 shares of company stock worth $8,097,418 in the last ninety days. 24.47% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BETA. Masters Capital Management LLC bought a new stake in BETA Technologies during the 1st quarter valued at about $10,290,000. Bank of America Corp DE boosted its position in BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after buying an additional 187,807 shares during the period. Bank of New York Mellon Corp purchased a new stake in BETA Technologies in the 2nd quarter valued at about $2,877,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies in the 3rd quarter worth about $2,905,000. Finally, Squarepoint Ops LLC bought a new position in BETA Technologies in the 2nd quarter worth about $2,045,000.
Trending Headlines about BETA Technologies
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: Third-quarter revenue rose 98.6% year over year to $17.67 million, while the loss of $0.51 per share was narrower than analysts’ expected $0.54 loss. BETA called it its strongest revenue quarter since inception. BETA Technologies Q3 results
- Positive Sentiment: The company raised its 2026 revenue outlook and reported an aircraft backlog valued at about $4 billion, supporting expectations for future sales. BETA outlook and backlog
- Positive Sentiment: BETA is advancing certification testing and preparing to ramp production. Progress toward FAA authorization may help bring its aircraft closer to commercial use. Certification and production update
- Neutral Sentiment: The company is concentrating electric-aircraft sales efforts on cargo and medical applications rather than prioritizing air-taxi operations. That focus could help target nearer-term use cases, but commercial adoption remains a key execution factor. BETA sales focus
- Negative Sentiment: Despite the earnings beat and improved results, BETA still recorded a quarterly loss, and its business has yet to demonstrate sustained profitability. BETA Technologies Q3 results
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.
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