Insider Buying: Better Home & Finance (NASDAQ:BETR) CEO Purchases $390,000.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg bought 15,600 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, May 18th, Vishal Garg bought 15,600 shares of Better Home & Finance stock. The stock was acquired at an average price of $24.87 per share, for a total transaction of $387,972.00.
• On Thursday, May 7th, Vishal Garg bought 6,583 shares of Better Home & Finance stock. The stock was acquired at an average price of $30.00 per share, for a total transaction of $197,490.00.
• On Wednesday, April 8th, Vishal Garg bought 10,000 shares of Better Home & Finance stock. The stock was acquired at an average price of $35.05 per share, for a total transaction of $350,500.00.
• On Wednesday, March 25th, Vishal Garg bought 2,217 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.90 per share, for a total transaction of $66,288.30.
• On Monday, March 23rd, Vishal Garg bought 10,600 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.49 per share, for a total transaction of $312,594.00.

Better Home & Finance Price Performance

BETR opened at $25.61 on Friday. Better Home & Finance Holding Company has a fifty-two week low of $10.81 and a fifty-two week high of $94.06. The firm has a market capitalization of $483.26 million, a PE ratio of -2.18 and a beta of 1.83. The company’s 50-day moving average is $34.47 and its 200 day moving average is $37.52.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in BETR. FNY Investment Advisers LLC purchased a new stake in Better Home & Finance in the 3rd quarter valued at about $29,000. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the 2nd quarter valued at about $29,000. Russell Investments Group Ltd. bought a new position in shares of Better Home & Finance during the 3rd quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Better Home & Finance during the 2nd quarter valued at approximately $33,000. Finally, CWM LLC bought a new position in shares of Better Home & Finance during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BETR shares. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Needham & Company LLC began coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.50.

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.