BETA Technologies (NYSE:BETA) Trading Up 4.8% - What's Next?

Key Points

• BETA Technologies shares rose 4.8% to $21.12, although trading volume was 81% below the average daily level.
• Analyst sentiment remains broadly positive, with nine Buy ratings and an average price target of $31.11 versus the current price; Cantor Fitzgerald, BTIG Research, and Needham set targets between $31 and $34.
• The company reported a quarterly loss of $0.64 per share, missing estimates, on $14.66 million in revenue. Insiders sold nearly 299,000 shares worth $6.5 million over the past three months, while major investors including GE, TPG, and Amazon established significant stakes.

BETA Technologies Inc (NYSE:BETA - Get Free Report)'s stock price traded up 4.8% on Thursday . The company traded as high as $21.10 and last traded at $21.12. 307,290 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,577,951 shares. The stock had previously closed at $20.15.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BETA shares. Cantor Fitzgerald restated an "overweight" rating and set a $31.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. BTIG Research restated a "buy" rating and set a $33.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings downgraded shares of BETA Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, September 1st. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, August 12th. Finally, Citigroup reissued a "buy" rating on shares of BETA Technologies in a research report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.11.

BETA Technologies Trading Up 0.8%

The company has a 50-day simple moving average of $20.72 and a 200 day simple moving average of $18.22. The company has a market capitalization of $4.58 billion and a P/E ratio of -1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47.

BETA Technologies (NYSE:BETA - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $14.66 million during the quarter. Sell-side analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Insider Buying and Selling

In other BETA Technologies news, insider Kyle Clark sold 30,000 shares of BETA Technologies stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00. Following the sale, the insider owned 5,396,941 shares in the company, valued at $137,190,240.22. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 298,901 shares of company stock valued at $6,546,418 over the last three months. 24.47% of the stock is owned by company insiders.

Institutional Trading of BETA Technologies

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

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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