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

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $46.50.

BETR has been the subject of several recent research reports. Needham & Company LLC initiated coverage on Better Home & Finance in a report on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective for the company. Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Roth Mkm initiated coverage on Better Home & Finance in a report on Monday. They issued a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th.

Better Home & Finance Price Performance

Shares of Better Home & Finance stock opened at $26.51 on Monday. The stock has a fifty day moving average price of $32.99 and a 200-day moving average price of $34.18. Better Home & Finance has a 1 year low of $11.90 and a 1 year high of $94.06. The firm has a market cap of $500.24 million, a PE ratio of -2.25 and a beta of 1.69.

Insider Buying and Selling

In related news, CEO Vishal Garg bought 15,600 shares of Better Home & Finance stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $25.00 per share, with a total value of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares of the company’s stock, valued at $2,956,500. This represents a 15.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ventures Iv L.P. Framework bought 54,384 shares of Better Home & Finance stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $32.96 per share, with a total value of $1,792,496.64. Following the acquisition, the insider directly owned 1,006,696 shares in the company, valued at approximately $33,180,700.16. This represents a 5.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 234,234 shares of company stock worth $6,980,039 in the last quarter. 27.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BETR. Jump Financial LLC purchased a new position in Better Home & Finance during the 4th quarter valued at about $2,457,000. Goldman Sachs Group Inc. grew its holdings in Better Home & Finance by 1,465.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after buying an additional 68,977 shares in the last quarter. Geode Capital Management LLC grew its holdings in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after buying an additional 61,740 shares in the last quarter. Comerica Bank purchased a new position in Better Home & Finance during the 4th quarter valued at about $1,819,000. Finally, Marshall Wace LLP grew its holdings in Better Home & Finance by 151.6% during 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 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.