Better Home & Finance (NASDAQ:BETR) Earns Buy Rating from Analysts at B. Riley Financial

B. Riley Financial assumed coverage on shares of Better Home & Finance (NASDAQ:BETR) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $26.00 price target on the stock.

Several other brokerages have also issued reports on BETR. BTIG Research lowered their price target on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th. Northland Securities raised shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Thursday, July 9th. Roth Capital set a $25.00 price objective on shares of Better Home & Finance in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald downgraded shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $16.00 in a report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.86.

Better Home & Finance Trading Down 2.0%

Shares of Better Home & Finance stock opened at $12.95 on Wednesday. The company’s fifty day simple moving average is $18.19 and its 200-day simple moving average is $27.10. The company has a market cap of $246.05 million, a price-to-earnings ratio of -1.18 and a beta of 1.68. Better Home & Finance has a 1 year low of $11.11 and a 1 year high of $94.06.

Better Home & Finance (NASDAQ:BETR) last released its earnings results on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.23). Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. The company had revenue of $54.70 million for the quarter. As a group, research analysts forecast that Better Home & Finance will post -6.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Better Home & Finance news, insider Chad Smith sold 3,307 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total value of $42,494.95. Following the sale, the insider directly owned 1,693 shares in the company, valued at $21,755.05. This represents a 66.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 27.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Better Home & Finance during the 2nd quarter valued at about $29,000. XTX Topco Ltd acquired a new position in Better Home & Finance in the second quarter valued at about $197,000. Finally, New York State Common Retirement Fund acquired a new position in Better Home & Finance in the second quarter valued at about $100,000. Institutional investors and hedge funds 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.