Key Points
- Director Michael Robert Stone bought 17,135 shares of BETA Technologies on May 19 at an average price of $14.59, a transaction worth about $250,000. After the purchase, he held 1,767,049 shares valued at roughly $25.8 million.
- BETA Technologies recently reported quarterly EPS of ($0.53), beating analyst expectations of ($0.74), while revenue rose 5.2% year over year to $10.13 million.
- Despite recent target price cuts, analysts remain mostly bullish: nine Buy ratings, one Hold, and one Sell, with an average target price of $31.11 versus the stock’s recent price near $15.97.
BETA Technologies Inc (NYSE:BETA - Get Free Report) Director Michael Robert Stone acquired 17,135 shares of BETA Technologies stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $14.59 per share, for a total transaction of $249,999.65. Following the completion of the acquisition, the director directly owned 1,767,049 shares in the company, valued at approximately $25,781,244.91. This represents a 0.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
BETA Technologies Stock Performance
BETA opened at $15.97 on Friday. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $16.21. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The stock has a market cap of $3.55 billion and a P/E ratio of -1.29.
BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.21. The business had revenue of $10.13 million during the quarter. The firm's revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that BETA Technologies Inc will post -2.13 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in shares of BETA Technologies during the 4th quarter worth about $26,000. California State Teachers Retirement System bought a new stake in BETA Technologies in the 1st quarter valued at $27,000. Rockefeller Capital Management L.P. bought a new stake in shares of BETA Technologies in the fourth quarter valued at about $35,000. Manchester Capital Management LLC bought a new stake in shares of BETA Technologies in the 4th quarter worth approximately $38,000. Finally, Wolff Wiese Magana LLC acquired a new stake in BETA Technologies during the fourth quarter worth $42,000.
Analyst Ratings Changes
BETA has been the subject of several research analyst reports. Citigroup reduced their target price on BETA Technologies from $33.00 to $25.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group lowered their target price on BETA Technologies from $38.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 20th. BTIG Research reduced their price objective on BETA Technologies from $40.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group set a $24.00 price target on shares of BETA Technologies and gave the company a "buy" rating in a research report on Monday, February 9th. Finally, Cantor Fitzgerald dropped their price target on BETA Technologies from $38.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.11.
Get Our Latest Report on BETA Technologies
BETA Technologies Company Profile
(
Get Free Report)
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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