BETA Technologies Inc’s Quiet Period Set To End on December 15th (NYSE:BETA)

BETA Technologies’ (NYSE:BETA) quiet period will expire on Monday, December 15th. BETA Technologies had issued 29,852,941 shares in its IPO on November 4th. The total size of the offering was $1,014,999,994 based on an initial share price of $34.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

BETA has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $47.00 target price for the company. Needham & Company LLC started coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $34.00 price target for the company. Wall Street Zen upgraded shares of BETA Technologies to a “hold” rating in a report on Saturday, November 15th. Jefferies Financial Group assumed coverage on BETA Technologies in a research note on Sunday, November 30th. They set a “hold” rating and a $30.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on BETA Technologies in a report on Monday, December 1st. They issued an “overweight” rating and a $42.00 target price for the company. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.88.

BETA Technologies Stock Down 0.1%

BETA stock opened at $31.42 on Friday. BETA Technologies has a 1 year low of $22.40 and a 1 year high of $39.50.

BETA Technologies (NYSE:BETA) last posted 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 during the quarter, compared to the consensus estimate of $7.50 million.

BETA Technologies Company Profile

BETA Technologies Inc is an electric aerospace company. It involved in designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems. BETA Technologies Inc is based in SOUTH BURLINGTON.