Needham & Company LLC reaffirmed their buy rating on shares of BETA Technologies (NYSE:BETA – Free Report) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $34.00 price objective on the stock.
Several other research firms have also commented on BETA. The Goldman Sachs Group lowered their price target on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. BTIG Research reduced their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Citigroup lowered their target price on BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Cantor Fitzgerald cut their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $31.11.
Check Out Our Latest Stock Report on BETA Technologies
BETA Technologies Stock Performance
BETA Technologies (NYSE:BETA – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The firm had revenue of $14.66 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. Sell-side analysts forecast that BETA Technologies will post -2.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Kyle Clark sold 30,000 shares of BETA Technologies stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $25.42, for a total value of $762,600.00. Following the completion of the transaction, the insider owned 5,396,941 shares in the company, valued at approximately $137,190,240.22. This trade represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Robert Stone purchased 17,135 shares of BETA Technologies stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $14.59 per share, for a total transaction of $249,999.65. Following the completion of the transaction, the director owned 1,767,049 shares in the company, valued at approximately $25,781,244.91. The trade was a 0.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 197,896 shares of company stock worth $3,967,640 over the last quarter. 24.47% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BETA Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BETA. Sandia Investment Management LP acquired a new stake in shares of BETA Technologies during the fourth quarter worth approximately $26,000. California State Teachers Retirement System bought a new stake in shares of BETA Technologies in the 1st quarter valued at approximately $27,000. Rockefeller Capital Management L.P. acquired a new position in BETA Technologies in the fourth quarter worth approximately $35,000. Manchester Capital Management LLC bought a new stake in BETA Technologies in the fourth quarter worth $38,000. Finally, Parallel Advisors LLC raised its stake in shares of BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after acquiring an additional 685 shares in the last quarter.
Key Headlines Impacting BETA Technologies
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: BETA cleared a certification hurdle involving its electric engine and aircraft, an important step toward commercial deployment and revenue generation. Beta Clears Certification Hurdle With Electric Engine And Aircraft
- Positive Sentiment: Management highlighted certification progress, hybrid-propulsion development and strategic partnerships as evidence of a clearer path forward, potentially reinforcing investor confidence in the company’s long-term strategy. BETA Technologies Takes Flight: Certification Progress, Hybrid Propulsion, and Strategic Partnerships Mark Q2 2026 Milestones
- Positive Sentiment: Needham reaffirmed its “Buy” rating. Cantor Fitzgerald and BTIG also maintained bullish ratings, with price targets of $31 and $33, respectively, above the recent trading level. The average brokerage target was reported at $31.11. Needham Reaffirms Buy Rating Average Brokerage Price Target
- Neutral Sentiment: CEO Kyle Clark said BETA has a “clear path forward with certification,” but investors must still weigh the company’s execution and funding needs as it scales. BETA Technologies CEO on Q2 Results
- Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.64, missing the consensus loss estimate of $0.56. Revenue totaled $14.66 million, while the company continues to report deeply negative margins and analysts expect a full-year loss. The earnings disappointment triggered a gap lower in the shares. BETA Technologies Shares Gap Down Following Weak Earnings
- Negative Sentiment: Insider Kyle Clark sold a combined 45,000 shares for approximately $1.11 million across August 12 and 13. Although the sales represent less than 1% of his holdings and he still owns more than 5.39 million shares, the transactions may add modest caution.
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.
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