BETA Technologies Inc (NYSE:BETA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Eleven analysts cover BETA with a consensus rating of Moderate Buy (9 buys, 1 hold, 1 sell) and an average 1-year price target of $34.00.
• Major institutional stakes: Several large investors opened significant positions in the fourth quarter, including General Electric (~$645M), TPG (~$463M) and Amazon (~$332M), along with new buys by Vanguard and Norges Bank.
• Earnings mixed: BETA reported a quarterly EPS of -$2.02, missing estimates by $1.55, while revenue beat at $11.13M (vs. $6.69M est.) and rose 152.3% year-over-year.

BETA Technologies Inc (NYSE:BETA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $34.00.

A number of equities research analysts recently weighed in on BETA shares. Wall Street Zen raised BETA Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Weiss Ratings started coverage on shares of BETA Technologies in a report on Friday, January 30th. They issued a "sell (d-)" rating for the company. BTIG Research reissued a "buy" rating and set a $40.00 price target on shares of BETA Technologies in a research report on Tuesday, March 10th. UBS Group set a $24.00 price target on shares of BETA Technologies and gave the company a "buy" rating in a report on Monday, February 9th. Finally, The Goldman Sachs Group cut their price objective on shares of BETA Technologies from $43.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday, March 17th.

Hedge Funds Weigh In On BETA Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. General Electric Co purchased a new stake in shares of BETA Technologies during the 4th quarter valued at $644,962,000. TPG GP A LLC acquired a new stake in shares of BETA Technologies in the 4th quarter worth $462,515,000. Amazon Com Inc. purchased a new position in BETA Technologies during the 4th quarter worth $331,577,000. Vanguard Group Inc. purchased a new position in BETA Technologies during the 4th quarter worth $77,089,000. Finally, Norges Bank acquired a new position in BETA Technologies during the 4th quarter valued at about $41,485,000.

BETA Technologies Stock Up 0.0%

BETA Technologies stock opened at $15.44 on Friday. The business's fifty day moving average is $17.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 22.77 and a current ratio of 22.77. The stock has a market capitalization of $3.41 billion and a price-to-earnings ratio of -1.30. BETA Technologies has a twelve month low of $13.43 and a twelve month high of $39.50.

BETA Technologies (NYSE:BETA - Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.47) by ($1.55). The firm had revenue of $11.13 million during the quarter, compared to analyst estimates of $6.69 million. The company's quarterly revenue was up 152.3% compared to the same quarter last 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.

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