Better Home & Finance (NASDAQ:BETR) Raised to Outperform at Northland Securities

Better Home & Finance (NASDAQ:BETR) was upgraded by equities researchers at Northland Securities from a “market perform” rating to an “outperform” rating in a report issued on Thursday, MarketBeat.com reports. The firm presently has a $38.00 price target on the stock. Northland Securities’ price objective indicates a potential upside of 47.86% from the company’s previous close.

Several other equities research analysts have also issued reports on BETR. BTIG Research began coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 price objective for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Needham & Company LLC started coverage on shares of Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price target for the company. Canaccord Genuity Group initiated coverage on Better Home & Finance in a report on Thursday, June 18th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Wall Street Zen upgraded Better Home & Finance from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Better Home & Finance has an average rating of “Moderate Buy” and a consensus target price of $40.67.

Better Home & Finance Trading Up 0.3%

BETR stock opened at $25.70 on Thursday. The company has a market cap of $484.96 million, a PE ratio of -2.18 and a beta of 1.71. The stock has a 50-day moving average price of $28.05 and a two-hundred day moving average price of $31.93. Better Home & Finance has a 12-month low of $12.57 and a 12-month high of $94.06.

Insider Activity

In other news, Director Harit Talwar acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $25.34 per share, with a total value of $126,700.00. Following the transaction, the director directly owned 44,698 shares in the company, valued at approximately $1,132,647.32. This represents a 12.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hugh R. Frater bought 5,150 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $24.34 per share, with a total value of $125,351.00. Following the completion of the purchase, the director directly owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This represents a 437.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 51,433 shares of company stock worth $1,334,148. Corporate insiders own 27.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in Better Home & Finance during the 2nd quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Better Home & Finance in the 3rd quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance in the 3rd quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Better Home & Finance during the 2nd quarter valued at approximately $33,000. Finally, Activest Wealth Management purchased a new position in shares of Better Home & Finance during the 4th quarter valued at approximately $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.