BETA Technologies (NYSE:BETA) Director Michael Robert Stone Buys 13,125 Shares

BETA Technologies Inc (NYSE:BETA) Director Michael Stone bought 13,125 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of $19.19 per share, for a total transaction of $251,868.75. Following the completion of the purchase, the director directly owned 1,792,994 shares in the company, valued at approximately $34,407,554.86. This trade represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Michael Robert Stone also recently made the following trade(s):

• On Tuesday, September 1st, Michael Stone purchased 12,820 shares of BETA Technologies stock. The shares were bought at an average price of $19.58 per share, with a total value of $251,015.60.

BETA Technologies Stock Performance

NYSE BETA opened at $20.80 on Friday. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50. The company has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $18.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. The company has a market capitalization of $4.69 billion and a PE ratio of -1.60.

BETA Technologies (NYSE:BETA) last released its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share 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 company had revenue of $14.66 million during the quarter. On average, research analysts predict that BETA Technologies Inc will post -2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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

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.