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

BETA Technologies Inc (NYSE:BETA) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.5556.

BETA has been the topic of several recent analyst reports. BTIG Research initiated coverage on BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $40.00 price target on the stock. The Goldman Sachs Group initiated coverage on BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $47.00 price objective on the stock. Morgan Stanley initiated coverage on shares of BETA Technologies in a report on Monday, December 1st. They set an “overweight” rating and a $34.00 price target for the company. Bank of America boosted their target price on BETA Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 price objective on shares of BETA Technologies in a report on Thursday, January 15th.

BETA Technologies Price Performance

NYSE:BETA opened at $17.40 on Friday. The firm has a market cap of $3.84 billion and a P/E ratio of -1.77. The firm’s 50 day moving average price is $26.02. BETA Technologies has a fifty-two week low of $15.61 and a fifty-two week high of $39.50.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data on Thursday, December 4th. The company reported ($9.83) earnings per share (EPS) for the quarter. The business had revenue of $8.92 million for the quarter, compared to analysts’ expectations of $7.50 million.

Institutional Trading of BETA Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BETA. Green Alpha Advisors LLC purchased a new position in shares of BETA Technologies during the 4th quarter valued at about $603,000. SG Americas Securities LLC purchased a new position in BETA Technologies during the fourth quarter valued at approximately $1,386,000. Wolff Wiese Magana LLC bought a new position in shares of BETA Technologies in the fourth quarter worth approximately $42,000. Stratos Wealth Partners LTD. purchased a new stake in shares of BETA Technologies in the fourth quarter worth $360,000. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of BETA Technologies during the 4th quarter valued at $564,000.

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.