UBS Group AG Takes Position in BETA Technologies Inc $BETA

UBS Group AG bought a new stake in BETA Technologies Inc (NYSE:BETA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 189,908 shares of the company’s stock, valued at approximately $5,357,000. UBS Group AG owned approximately 0.09% of BETA Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wolff Wiese Magana LLC acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $42,000. Clean Yield Group acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $235,000. Stratos Wealth Partners LTD. acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $360,000. Capricorn Fund Managers Ltd acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $564,000. Finally, Green Alpha Advisors LLC acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $603,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley lowered their target price on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, March 10th. The Goldman Sachs Group lowered their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, May 13th. UBS Group set a $24.00 price objective on BETA Technologies and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, BTIG Research lowered their price objective on BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday. Nine 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

BETA Technologies Stock Up 6.8%

Shares of NYSE BETA opened at $15.97 on Friday. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The company’s 50 day simple moving average is $16.21. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.55 billion and a price-to-earnings ratio of -1.29.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The business had revenue of $10.13 million for the quarter. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that BETA Technologies Inc will post -2.13 earnings per share for the current year.

Insider Activity

In other news, Director Michael Robert Stone bought 17,135 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $14.59 per share, for a total transaction of $249,999.65. Following the transaction, the director owned 1,767,049 shares in the company, valued at $25,781,244.91. The trade was a 0.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kyle Clark sold 4,965 shares of BETA Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.12, for a total value of $89,965.80. Following the completion of the transaction, the insider owned 49,746 shares of the company’s stock, valued at approximately $901,397.52. The trade was a 9.07% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 138,928 shares of company stock worth $2,517,375 over the last quarter. Corporate insiders own 24.47% of the company’s stock.

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.