BETA Technologies’ (BETA) Buy Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of BETA Technologies (NYSE:BETAFree Report) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $40.00 target price on the stock.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of BETA Technologies from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, February 11th. Morgan Stanley started coverage on BETA Technologies in a research note on Monday, December 1st. They set an “overweight” rating and a $34.00 target price for the company. UBS Group set a $24.00 price target on BETA Technologies and gave the company a “buy” rating in a report on Monday, February 9th. Bank of America boosted their price objective on shares of BETA Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings started coverage on BETA Technologies in a research report on Friday, January 30th. They issued a “sell (d-)” rating on the stock. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.89.

Read Our Latest Report on BETA Technologies

BETA Technologies Stock Down 10.1%

BETA stock opened at $17.11 on Tuesday. The firm has a market capitalization of $3.78 billion and a PE ratio of -1.74. BETA Technologies has a 52-week low of $15.61 and a 52-week high of $39.50. The company has a quick ratio of 10.43, a current ratio of 22.77 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $21.93.

BETA Technologies (NYSE:BETAGet Free Report) last released its earnings results on Monday, March 9th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($1.55). The company had revenue of $11.13 million for the quarter, compared to analysts’ expectations of $6.69 million. The firm’s quarterly revenue was up 152.3% compared to the same quarter last year.

Institutional Trading of BETA Technologies

Several large investors have recently added to or reduced their stakes in the company. Sandia Investment Management LP purchased a new stake in BETA Technologies in the 4th quarter worth about $26,000. Manchester Capital Management LLC acquired a new stake in BETA Technologies in the fourth quarter valued at approximately $38,000. Wolff Wiese Magana LLC bought a new stake in BETA Technologies in the fourth quarter worth $42,000. Kestra Advisory Services LLC bought a new stake in shares of BETA Technologies during the 4th quarter worth about $70,000. Finally, Parallel Advisors LLC acquired a new position in BETA Technologies during the fourth quarter valued at approximately $74,000.

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About BETA Technologies

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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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