BETA Technologies (NYSE:BETA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BETA Technologies (NYSE:BETA) from a sell rating to a hold rating in a research note released on Saturday morning.

BETA has been the topic of a number of other reports. Citigroup initiated coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $41.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research note on Thursday, January 15th. Zacks Research raised BETA Technologies to a “hold” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald started coverage on BETA Technologies in a report on Monday, December 1st. They set an “overweight” rating and a $42.00 price target on the stock. Finally, BTIG Research assumed coverage on BETA Technologies in a research note on Monday, December 1st. They issued a “buy” rating and a $40.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.13.

BETA Technologies Stock Up 0.1%

NYSE BETA opened at $27.74 on Friday. The business’s 50 day simple moving average is $28.78. BETA Technologies has a one year low of $22.40 and a one year high of $39.50. The firm has a market capitalization of $6.12 billion and a PE ratio of -2.82.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings results on Thursday, December 4th. The company reported ($9.83) earnings per share for the quarter. The company had revenue of $8.92 million during the quarter, compared to analyst estimates of $7.50 million.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in BETA. Wolff Wiese Magana LLC purchased a new stake in BETA Technologies during the 4th quarter valued at $42,000. Green Alpha Advisors LLC purchased a new stake in BETA Technologies during the fourth quarter valued at $603,000. Finally, SG Americas Securities LLC bought a new position in BETA Technologies in the fourth quarter valued at about $1,386,000.

About BETA Technologies

BETA Technologies is an aerospace company focused on the development and manufacture of electric aircraft and the supporting infrastructure required to operate them. The firm designs and tests electric vertical takeoff and landing (eVTOL) and short-range electric aircraft intended for passenger and cargo missions, with an emphasis on reducing carbon emissions and operating costs for regional transport and logistics applications.

In addition to airframes and propulsion systems, BETA develops charging and ground-support technologies to enable routine electric flight operations.