Better Home & Finance Holding Company (NASDAQ:BETR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Better Home & Finance Holding Company (NASDAQ:BETR) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.6667.

BETR has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Roth Capital began coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They set a “buy” rating and a $35.00 price objective on the stock. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Needham & Company LLC started coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 price objective for the company. Finally, BTIG Research started coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 target price for the company.

Better Home & Finance Trading Up 6.1%

Shares of NASDAQ BETR opened at $25.62 on Friday. The business has a 50-day moving average of $28.32 and a 200-day moving average of $31.98. The firm has a market capitalization of $483.45 million, a price-to-earnings ratio of -2.18 and a beta of 1.71. Better Home & Finance has a 12 month low of $12.57 and a 12 month high of $94.06.

Insider Transactions at Better Home & Finance

In other news, CEO Vishal Garg acquired 15,600 shares of Better Home & Finance stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $390,000.00. Following the transaction, the chief executive officer owned 118,260 shares of the company’s stock, valued at $2,956,500. This trade represents a 15.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Harit Talwar acquired 5,000 shares of Better Home & Finance stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the transaction, the director directly owned 44,698 shares in the company, valued at approximately $1,132,647.32. The trade was a 12.60% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 51,433 shares of company stock worth $1,334,148. 27.72% of the stock is currently owned by company insiders.

Institutional Trading of Better Home & Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Better Home & Finance during the third quarter valued at approximately $29,000. Bank of New York Mellon Corp lifted its holdings in shares of Better Home & Finance by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after acquiring an additional 548 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Better Home & Finance in the 3rd quarter valued at $31,000. BNP Paribas Financial Markets boosted its stake in shares of Better Home & Finance by 15.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after purchasing an additional 894 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Better Home & Finance by 17.8% in the 3rd quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock valued at $339,000 after purchasing an additional 914 shares in the last quarter. Hedge funds and other institutional investors own 20.94% of the company’s stock.

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.