Wall Street Zen upgraded shares of BETA Technologies (NYSE:BETA – Free Report) from a sell rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.
A number of other brokerages have also issued reports on BETA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research report on Monday, October 5th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Finally, Barclays began coverage on shares of BETA Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $35.00 target price on the stock. Ten 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.
Check Out Our Latest Research Report on BETA
BETA Technologies Stock Performance
BETA Technologies stock opened at $23.58 on Friday. BETA Technologies has a 12-month low of $13.43 and a 12-month high of $39.50. The company has a market capitalization of $5.32 billion and a price-to-earnings ratio of -1.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. The firm’s fifty day moving average price is $20.76 and its 200 day moving average price is $19.08.
BETA Technologies (NYSE:BETA – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. The company had revenue of $17.67 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The business’s quarterly revenue was up 98.6% on a year-over-year basis. During the same period in the previous year, the company earned ($9.83) earnings per share. On average, research analysts forecast that BETA Technologies will post -2.25 EPS for the current fiscal year.
Insider Buying and Selling at BETA Technologies
In related news, insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $19.92, for a total transaction of $199,200.00. Following the sale, the insider owned 4,965,936 shares of the company’s stock, valued at $98,921,445.12. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 353,901 shares of company stock worth $8,097,418 in the last quarter. 24.47% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. lifted its holdings in shares of BETA Technologies by 27.4% during the third quarter. J. Derek Lewis & Associates Inc. now owns 18,600 shares of the company’s stock valued at $411,000 after purchasing an additional 4,000 shares during the last quarter. ProShare Advisors LLC purchased a new position in BETA Technologies in the 3rd quarter worth about $328,000. State of Wyoming increased its stake in BETA Technologies by 33.5% in the 3rd quarter. State of Wyoming now owns 21,944 shares of the company’s stock worth $485,000 after purchasing an additional 5,507 shares in the last quarter. Sterling Capital Management LLC increased its stake in BETA Technologies by 433.0% in the 3rd quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock worth $61,000 after purchasing an additional 2,243 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in BETA Technologies during the 3rd quarter worth about $622,000.
Key Headlines Impacting BETA Technologies
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: Third-quarter revenue reached $17.67 million, up 98.6% year over year, and the per-share loss of $0.51 was narrower than analysts expected. The company described it as its strongest revenue quarter since inception. BETA Technologies Q3 results
- Positive Sentiment: Reports say BETA raised its 2026 revenue outlook and has an aircraft backlog valued at about $4 billion, strengthening the outlook for future sales. BETA Technologies backlog and outlook
- Positive Sentiment: The company is progressing through certification testing and preparing to ramp production. It has also secured an FAA authorization related to market surveys, a milestone that could support commercial readiness. Certification and production update
- Neutral Sentiment: BETA is focusing aircraft sales on cargo and medical uses, rather than seeking to operate an air-taxi service. This defines its commercial strategy, though the scale and timing of resulting sales remain uncertain. BETA’s cargo and medical sales focus
- Negative Sentiment: Despite improving results, BETA still reported a quarterly loss and has not established consistent profitability, leaving execution, production costs, and cash needs as ongoing risks.
About BETA Technologies
BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.
BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.
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