BETA Technologies (NYSE:BETA) Stock Rating Upgraded by Wall Street Zen

BETA Technologies (NYSE:BETA) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald started coverage on BETA Technologies in a report on Monday, December 1st. They set an “overweight” rating and a $42.00 target price for the company. Jefferies Financial Group initiated coverage on shares of BETA Technologies in a research report on Sunday, November 30th. They set a “hold” rating and a $30.00 price target on the stock. Morgan Stanley assumed coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued an “overweight” rating and a $34.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a report on Thursday. Finally, Citigroup started coverage on shares of BETA Technologies in a research report on Monday, December 1st. They issued a “buy” rating and a $41.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BETA Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.13.

BETA Technologies Price Performance

BETA Technologies stock opened at $27.74 on Friday. The firm has a market cap of $6.12 billion and a P/E ratio of -2.82. BETA Technologies has a fifty-two week low of $22.40 and a fifty-two week high of $39.50. The firm has a 50 day moving average of $28.81.

BETA Technologies (NYSE:BETA) last released its quarterly earnings results on Thursday, December 4th. The company reported ($9.83) EPS for the quarter. The firm had revenue of $8.92 million during the quarter, compared to analyst estimates of $7.50 million.

Institutional Investors Weigh In On BETA Technologies

A number of large investors have recently modified their holdings of BETA. Wolff Wiese Magana LLC purchased a new stake in shares of BETA Technologies during the 4th quarter worth $42,000. Green Alpha Advisors LLC purchased a new position in BETA Technologies in the fourth quarter valued at $603,000. Finally, SG Americas Securities LLC purchased a new position in BETA Technologies in 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.