BETA Technologies Inc's Lock-Up Period Will Expire on May 4th (NYSE:BETA)

Key Points

• May 4 lock-up expiry will make shares held by insiders and major shareholders — including the 29,852,941 shares issued in the IPO — eligible to trade, potentially increasing float and adding selling pressure.
• Analysts maintain a "Moderate Buy" consensus with an average target of $33.56 after several price‑target cuts, yet the stock trades around $15.31 and the company reported a large quarterly loss (EPS ‑$2.02) despite 152% year‑over‑year revenue growth.

BETA Technologies' (NYSE:BETA - Get Free Report) lock-up period is set to expire on Monday, May 4th. BETA Technologies had issued 29,852,941 shares in its initial public offering on November 4th. The total size of the offering was $1,014,999,994 based on an initial share price of $34.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BETA. The Goldman Sachs Group dropped their target price on BETA Technologies from $38.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Morgan Stanley lowered their price target on BETA Technologies from $34.00 to $33.00 and set an "overweight" rating for the company in a report on Tuesday, March 10th. Citigroup lowered their price target on BETA Technologies from $41.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a report on Monday, March 9th. Finally, UBS Group set a $24.00 price target on BETA Technologies and gave the company a "buy" rating in a report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.56.

BETA Technologies Stock Performance

Shares of NYSE BETA opened at $15.31 on Monday. The company has a quick ratio of 22.77, a current ratio of 22.77 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.39 billion and a price-to-earnings ratio of -1.29. The company has a 50 day moving average price of $17.11. 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 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 company had revenue of $11.13 million during the quarter, compared to analysts' expectations of $6.69 million. The firm's revenue for the quarter was up 152.3% on a year-over-year basis. Analysts forecast that BETA Technologies will post -2.2 earnings per share for the current year.

Hedge Funds Weigh In On BETA Technologies

Large investors have recently bought and sold shares of the business. Sandia Investment Management LP bought a new position in BETA Technologies in the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. bought a new position in BETA Technologies in the fourth quarter worth approximately $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the fourth quarter worth approximately $38,000. Wolff Wiese Magana LLC bought a new position in BETA Technologies in the fourth quarter worth approximately $42,000. Finally, Kestra Advisory Services LLC bought a new position in BETA Technologies in the fourth quarter worth approximately $70,000.

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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