Brokerages Set Better Home & Finance Holding Company (NASDAQ:BETR) Target Price at $46.50

Better Home & Finance Holding Company (NASDAQ:BETR) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $41.20.

BETR has been the topic of several recent research reports. Roth Mkm initiated coverage on shares of Better Home & Finance in a research note on Monday. They issued a “buy” rating and a $35.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Better Home & Finance in a research note on Thursday. They issued a “buy” rating and a $42.00 price target on the stock. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, 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 target on the stock.

Better Home & Finance Price Performance

BETR opened at $28.43 on Monday. The business’s 50-day moving average price is $31.92 and its two-hundred day moving average price is $33.62. Better Home & Finance has a 1 year low of $11.90 and a 1 year high of $94.06. The company has a market capitalization of $536.47 million, a price-to-earnings ratio of -2.42 and a beta of 1.69.

Insider Transactions at Better Home & Finance

In other Better Home & Finance news, COO Chad M. Smith sold 2,455 shares of Better Home & Finance stock in a transaction on Friday, May 8th. The shares were sold at an average price of $30.16, for a total value of $74,042.80. Following the sale, the chief operating officer directly owned 21,061 shares in the company, valued at approximately $635,199.76. The trade was a 10.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $32.96 per share, for a total transaction of $1,792,496.64. Following the completion of the purchase, the insider directly owned 1,006,696 shares in the company, valued at approximately $33,180,700.16. The trade was a 5.71% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 181,234 shares of company stock worth $5,470,599. 27.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Better Home & Finance during the 3rd quarter worth about $29,000. Bank of New York Mellon Corp increased its stake in shares of Better Home & Finance by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after purchasing an additional 548 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance during the 3rd quarter worth about $31,000. Solstein Capital LLC increased its stake in shares of Better Home & Finance by 42.6% during the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Better Home & Finance by 15.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock worth $378,000 after purchasing an additional 894 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.