Better Home & Finance (NASDAQ:BETR) Coverage Initiated by Analysts at Canaccord Genuity Group

Investment analysts at Canaccord Genuity Group assumed coverage on shares of Better Home & Finance (NASDAQ:BETR) in a research report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 49.87% from the company’s previous close.

BETR has been the subject of several other research reports. Needham & Company LLC began coverage on shares of Better Home & Finance in a report on Monday, May 4th. They issued a “buy” rating and a $53.00 price target for the company. Roth Mkm initiated coverage on shares of Better Home & Finance in a report on Monday. They set a “buy” rating and a $35.00 price objective on the stock. BTIG Research initiated coverage on shares of Better Home & Finance in a research note on Tuesday. They issued a “buy” rating and a $36.00 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. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Better Home & Finance Stock Up 3.1%

NASDAQ:BETR traded up $0.84 during mid-day trading on Thursday, reaching $28.02. The company’s stock had a trading volume of 33,547 shares, compared to its average volume of 478,477. Better Home & Finance has a 1 year low of $11.90 and a 1 year high of $94.06. The stock has a fifty day moving average of $32.38 and a 200-day moving average of $33.79. The firm has a market capitalization of $528.81 million, a PE ratio of -2.36 and a beta of 1.69.

Insiders Place Their Bets

In other news, Director Hugh R. Frater acquired 5,150 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, with a total value of $125,351.00. Following the transaction, the director directly owned 6,326 shares in the company, valued at approximately $153,974.84. This represents a 437.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chad M. Smith sold 2,455 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $30.16, for a total transaction of $74,042.80. Following the sale, the chief operating officer directly owned 21,061 shares of the company’s stock, valued at $635,199.76. The trade was a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders purchased 181,234 shares of company stock worth $5,470,599. Insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Several hedge funds and other institutional investors have recently made changes to their positions in BETR. FNY Investment Advisers LLC purchased a new position in Better Home & Finance during the 3rd quarter worth $29,000. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the second quarter valued at about $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance in the third quarter valued at about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Better Home & Finance in the second quarter worth about $33,000. Finally, Activest Wealth Management purchased a new stake in shares of Better Home & Finance during the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Better Home & Finance Company Profile

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.