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

BETA Technologies’ (NYSE:BETA) quiet period is set to end 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 BETA Technologies’ quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley began coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set an “overweight” rating and a $34.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $47.00 price target on the stock. Jefferies Financial Group started coverage on shares of BETA Technologies in a report on Sunday, November 30th. They set a “hold” rating and a $30.00 price target on the stock. Bank of America started coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Needham & Company LLC began coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $34.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.88.

BETA Technologies Stock Up 2.2%

NYSE:BETA opened at $30.98 on Wednesday. BETA Technologies has a 12 month low of $22.40 and a 12 month high of $39.50.

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

About BETA Technologies

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.