Better Home & Finance (NASDAQ:BETR) CEO Vishal Garg Purchases 6,583 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg bought 6,583 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $30.00 per share, for a total transaction of $197,490.00. Following the purchase, the chief executive officer directly owned 71,460 shares in the company, valued at approximately $2,143,800. This represents a 10.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishal Garg also recently made the following trade(s):

• On Wednesday, April 8th, Vishal Garg acquired 10,000 shares of Better Home & Finance stock. The stock was bought at an average price of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg bought 2,217 shares of Better Home & Finance stock. The stock was purchased at an average cost of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg purchased 10,600 shares of Better Home & Finance stock. The shares were acquired at an average price of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Stock Performance

NASDAQ:BETR traded down $12.17 during mid-day trading on Thursday, hitting $30.52. 2,765,846 shares of the stock were exchanged, compared to its average volume of 556,693. Better Home & Finance Holding Company has a fifty-two week low of $10.81 and a fifty-two week high of $94.06. The stock has a market capitalization of $502.05 million, a price-to-earnings ratio of -2.82 and a beta of 1.83. The firm’s 50-day simple moving average is $35.94 and its 200 day simple moving average is $41.05.

Wall Street Analysts Forecast Growth

BETR has been the subject of several analyst reports. Wall Street Zen upgraded shares of Better Home & Finance from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Needham & Company LLC began coverage on shares of Better Home & Finance in a research report on Monday. They set a “buy” rating and a $53.00 price target on the stock. Finally, Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

Institutional Investors Weigh In On Better Home & Finance

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Better Home & Finance by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after purchasing an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC boosted its position in Better Home & Finance by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock worth $4,927,000 after buying an additional 11,922 shares during the period. State Street Corp grew its stake in shares of Better Home & Finance by 14.2% in the fourth quarter. State Street Corp now owns 116,597 shares of the company’s stock worth $3,799,000 after purchasing an additional 14,540 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

About Better Home & Finance

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.