Insider Buying: BETA Technologies (NYSE:BETA) Director Buys $251,015.60 in Stock

BETA Technologies Inc (NYSE:BETA) Director Michael Stone acquired 12,820 shares of BETA Technologies 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 completion of the purchase, the director owned 1,779,869 shares in the company, valued at $34,849,835.02. The trade was a 0.73% increase in their position. The purchase was disclosed in a document filed 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 acquired 13,125 shares of BETA Technologies stock. The stock was purchased at an average price of $19.19 per share, for a total transaction of $251,868.75.

BETA Technologies Price Performance

BETA traded up $0.38 on Thursday, hitting $20.80. 2,641,268 shares of the company’s stock were exchanged, compared to its average volume of 1,566,133. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The stock has a market cap of $4.69 billion and a price-to-earnings ratio of -1.60. The firm has a 50-day moving average price of $20.26 and a 200-day moving average price of $18.11. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA) last issued its earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). The business had revenue of $14.66 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. As a group, equities analysts anticipate that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on BETA. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings cut BETA Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. BTIG Research restated a “buy” rating and issued a $33.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

Institutional Trading of BETA Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in BETA Technologies during the fourth quarter worth about $77,089,000. UBS Group AG purchased a new stake in shares of BETA Technologies in the 4th quarter valued at approximately $5,357,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of BETA Technologies in the 4th quarter valued at approximately $478,000. General Electric Co acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $644,962,000. Finally, Kingdom Financial Group LLC. acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $297,000.

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.