BETA Technologies (NYSE:BETA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of BETA Technologies (NYSE:BETA) from a sell rating to a hold rating in a report published on Saturday morning.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Thursday. Zacks Research raised BETA Technologies to a “hold” rating in a report on Tuesday, December 2nd. Bank of America raised their price objective on BETA Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Citigroup began coverage on BETA Technologies in a report on Monday, December 1st. They set a “buy” rating and a $41.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $47.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, BETA Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $38.13.

BETA Technologies Trading Up 0.1%

BETA opened at $27.74 on Friday. The firm has a market capitalization of $6.12 billion and a P/E ratio of -2.82. The firm’s 50-day moving average is $28.81. BETA Technologies has a 52-week low of $22.40 and a 52-week high of $39.50.

BETA Technologies (NYSE:BETA) last released its earnings results on Thursday, December 4th. The company reported ($9.83) earnings per share for the quarter. The business had revenue of $8.92 million for the quarter, compared to the consensus estimate of $7.50 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new stake in shares of BETA Technologies during the 4th quarter worth approximately $42,000. Green Alpha Advisors LLC purchased a new stake in BETA Technologies during the fourth quarter worth $603,000. Finally, SG Americas Securities LLC acquired a new stake in BETA Technologies during the fourth quarter valued at $1,386,000.

About BETA Technologies

BETA Technologies is an aerospace company focused on the development and manufacture of electric aircraft and the supporting infrastructure required to operate them. The firm designs and tests electric vertical takeoff and landing (eVTOL) and short-range electric aircraft intended for passenger and cargo missions, with an emphasis on reducing carbon emissions and operating costs for regional transport and logistics applications.

In addition to airframes and propulsion systems, BETA develops charging and ground-support technologies to enable routine electric flight operations.