BETA Technologies (NYSE:BETA) Director Acquires $251,015.60 in Stock

BETA Technologies Inc (NYSE:BETA) Director Michael Stone acquired 12,820 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $19.58 per share, for a total transaction of $251,015.60. Following the transaction, the director owned 1,779,869 shares of the company’s stock, valued at approximately $34,849,835.02. The trade was a 0.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed 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 bought at an average cost of $19.19 per share, with a total value of $251,868.75.

BETA Technologies Stock Performance

Shares of BETA opened at $22.14 on Friday. The firm has a market cap of $4.99 billion and a PE ratio of -1.70. The stock’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $18.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50.

BETA Technologies (NYSE:BETA) last announced its quarterly 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). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The business had revenue of $14.66 million for the quarter. On average, equities research analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BETA. Sandia Investment Management LP purchased a new stake in shares of BETA Technologies during the fourth quarter worth about $26,000. California State Teachers Retirement System bought a new position in BETA Technologies during the 1st quarter valued at approximately $27,000. Rockefeller Capital Management L.P. bought a new position in BETA Technologies during the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC purchased a new stake in BETA Technologies in the 4th quarter worth approximately $38,000. Finally, Parallel Advisors LLC grew its position in shares of BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after buying an additional 685 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BETA shares. Citigroup restated a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. 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. 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 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, August 12th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.11.

About BETA Technologies

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.