Better Home & Finance (NASDAQ:BETR) Upgraded by BTIG Research to Strong-Buy Rating

BTIG Research upgraded shares of Better Home & Finance (NASDAQ:BETR) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. 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. Roth Mkm assumed coverage on shares of Better Home & Finance in a report on Monday. They set a “buy” rating and a $35.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Better Home & Finance presently has an average rating of “Buy” and an average target price of $41.00.

Better Home & Finance Trading Up 1.5%

Shares of BETR stock opened at $29.25 on Tuesday. The firm’s 50 day moving average is $32.64 and its 200 day moving average is $33.93. The stock has a market capitalization of $551.95 million, a P/E ratio of -2.49 and a beta of 1.69. Better Home & Finance has a 12 month low of $11.90 and a 12 month high of $94.06.

Insider Buying and Selling at Better Home & Finance

In related news, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $33,180,700.16. This represents a 5.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vishal Garg purchased 15,600 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost 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 approximately $2,956,500. The trade was a 15.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 234,234 shares of company stock worth $6,980,039 in the last ninety days. Insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in shares of Better Home & Finance in the 4th quarter worth $1,819,000. UBS Group AG increased its holdings in shares of Better Home & Finance by 49.7% in the 4th quarter. UBS Group AG now owns 82,409 shares of the company’s stock worth $2,685,000 after buying an additional 27,356 shares during the last quarter. Activest Wealth Management bought a new position in shares of Better Home & Finance in the 4th quarter worth $59,000. FNY Investment Advisers LLC bought a new position in shares of Better Home & Finance in the 3rd quarter worth $29,000. Finally, Solstein Capital LLC increased its holdings in shares of Better Home & Finance by 42.6% in the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after buying an additional 661 shares during the last quarter. 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.