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

Key Points

• Analysts maintain a “Moderate Buy” consensus on BETA Technologies, with nine buy ratings, one hold and one sell among 11 brokerages. The average 12-month price target is $31.11 versus the stock’s reported price of $19.56.
• BETA reported a quarterly loss of $0.64 per share, missing the $0.56 consensus estimate, on revenue of $14.66 million. Analysts expect a full-year loss of $2.25 per share.
• Insider selling totaled 298,901 shares worth $6.55 million during the past quarter, including a 30,000-share sale by insider Kyle Clark. The company’s stock has traded between $13.43 and $39.50 over the past 52 weeks.

Shares of BETA Technologies Inc (NYSE:BETA - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.1111.

A number of research firms have commented on BETA. Citigroup restated a "buy" rating on shares of BETA Technologies in a research note on Thursday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Weiss Ratings cut shares of BETA Technologies from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Needham & Company LLC restated a "buy" rating and set a $34.00 price objective on shares of BETA Technologies in a research report on Wednesday, August 12th. Finally, BTIG Research restated a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th.

Insider Activity at BETA Technologies

In other news, insider Kyle Clark sold 30,000 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $25.42, for a total value of $762,600.00. Following the completion of the transaction, the insider owned 5,396,941 shares of the company's stock, valued at $137,190,240.22. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 298,901 shares of company stock valued at $6,546,418 in the last quarter. 24.47% of the stock is owned by insiders.

Institutional Trading of BETA Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sandia Investment Management LP bought a new position in BETA Technologies in the 4th quarter worth approximately $26,000. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC bought a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $38,000. California State Teachers Retirement System bought a new stake in shares of BETA Technologies during the first quarter valued at approximately $27,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of BETA Technologies in the fourth quarter worth $70,000.

BETA Technologies Price Performance

NYSE BETA opened at $19.56 on Wednesday. The business's fifty day moving average is $20.16 and its 200 day moving average is $18.09. BETA Technologies has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. The company has a market capitalization of $4.41 billion and a PE ratio of -1.50.

BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%.The company had revenue of $14.66 million during the quarter. Sell-side analysts predict that BETA Technologies will post -2.25 earnings per share for the current 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.

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