Key Points
- Director Michael Stone bought 12,820 BETA shares at an average price of $19.58, investing $251,015.60 and increasing his direct holdings to 1,779,869 shares. He also purchased 13,125 shares the following day at $19.19 per share.
- BETA Technologies recently reported a quarterly loss of $0.64 per share, missing estimates, on revenue of $14.66 million; analysts expect a full-year loss of $2.25 per share.
- Analysts maintain a generally positive outlook, with nine Buy ratings and a consensus “Moderate Buy” rating, alongside an average price target of $31.11 versus the stock’s reported $20.80 price.
BETA Technologies Inc (NYSE:BETA - Get Free Report) Director Michael Stone acquired 12,820 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $19.58 per share, with a total value of $251,015.60. Following the acquisition, the director directly owned 1,779,869 shares of the company's stock, valued at $34,849,835.02. This trade represents a 0.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Robert Stone also recently made the following trade(s):
- On Wednesday, September 2nd, Michael Stone bought 13,125 shares of BETA Technologies stock. The shares were purchased at an average cost of $19.19 per share, for a total transaction of $251,868.75.
BETA Technologies Stock Performance
NYSE:BETA opened at $20.80 on Friday. The company's 50-day moving average is $20.36 and its two-hundred day moving average is $18.14. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. The firm has a market capitalization of $4.69 billion and a price-to-earnings ratio of -1.60.
BETA Technologies (NYSE:BETA - Get Free Report) last released its quarterly earnings results 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 net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million for the quarter. Analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BETA. Needham & Company LLC reaffirmed a "buy" rating and issued a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, August 12th. BTIG Research reissued a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Citigroup restated a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings downgraded BETA Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $31.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.11.
Check Out Our Latest Research Report on BETA Technologies
Hedge Funds Weigh In On BETA Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock worth $49,000 after purchasing an additional 685 shares during the period. Sandia Investment Management LP acquired a new position in BETA Technologies in the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. purchased a new position in BETA Technologies in the 4th quarter valued at about $35,000. Manchester Capital Management LLC acquired a new stake in shares of BETA Technologies during the 4th quarter worth about $38,000. Finally, California State Teachers Retirement System acquired a new stake in shares of BETA Technologies during the 1st quarter worth about $27,000.
About BETA Technologies
(
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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