Better Home & Finance (NASDAQ:BETR) Now Covered by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of Better Home & Finance (NASDAQ:BETR) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $53.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 19.42% from the company’s previous close.

A number of other brokerages have also recently issued reports on BETR. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Better Home & Finance from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

Better Home & Finance Price Performance

Shares of NASDAQ BETR opened at $44.38 on Monday. The stock has a market capitalization of $730.05 million, a P/E ratio of -4.11 and a beta of 1.84. The company has a 50-day moving average price of $35.31 and a 200-day moving average price of $41.51. Better Home & Finance has a 1 year low of $10.81 and a 1 year high of $94.06.

Insider Buying and Selling

In related news, General Counsel Paula Tuffin sold 8,018 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $28.67, for a total transaction of $229,876.06. Following the transaction, the general counsel directly owned 42,487 shares in the company, valued at approximately $1,218,102.29. The trade was a 15.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of $32.96 per share, for a total transaction of $1,792,496.64. Following the completion of the acquisition, the insider owned 1,006,696 shares of the company’s stock, valued at $33,180,700.16. The trade was a 5.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 268,893 shares of company stock worth $8,603,664 and have sold 24,112 shares worth $695,807. 23.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in Better Home & Finance during the first quarter worth about $1,460,000. Alpine Global Management LLC purchased a new position in Better Home & Finance during the fourth quarter worth about $456,000. Engineers Gate Manager LP purchased a new position in Better Home & Finance during the fourth quarter worth about $450,000. AQR Capital Management LLC raised its position in Better Home & Finance by 39.7% in the fourth quarter. AQR Capital Management LLC now owns 13,769 shares of the company’s stock worth $449,000 after acquiring an additional 3,913 shares during the period. Finally, Jump Financial LLC bought a new stake in Better Home & Finance in the fourth quarter worth about $2,457,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.