Wall Street Zen Upgrades Better Home & Finance (NASDAQ:BETR) to “Sell”

Better Home & Finance (NASDAQ:BETR) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms have also recently issued reports on BETR. Roth Mkm assumed coverage on shares of Better Home & Finance in a research note on Monday. They set a “buy” rating and a $35.00 target price for the company. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price target on the stock. Canaccord Genuity Group started coverage on shares of Better Home & Finance in a report on Thursday. They issued a “buy” rating and a $42.00 price target on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, BTIG Research initiated coverage on Better Home & Finance in a report on Tuesday. They set a “buy” rating and a $36.00 price objective for the company. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.20.

Better Home & Finance Price Performance

BETR stock opened at $28.43 on Friday. The company has a fifty day moving average price of $31.92 and a two-hundred day moving average price of $33.62. Better Home & Finance has a one year low of $11.90 and a one year high of $94.06. The stock has a market cap of $536.47 million, a price-to-earnings ratio of -2.42 and a beta of 1.69.

Insider Activity at Better Home & Finance

In related news, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average price of $32.96 per share, with a total value of $1,792,496.64. Following the completion of the purchase, the insider directly owned 1,006,696 shares in the company, valued at $33,180,700.16. This trade represents a 5.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh R. Frater acquired 5,150 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $24.34 per share, with a total value of $125,351.00. Following the transaction, the director directly owned 6,326 shares of the company’s stock, valued at $153,974.84. This trade represents a 437.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 181,234 shares of company stock worth $5,470,599 in the last quarter. 27.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Better Home & Finance

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position 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 valued at $3,207,000 after buying an additional 8,924 shares in the last quarter. Geode Capital Management LLC increased its stake in Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance during the 2nd quarter worth $29,000. XTX Topco Ltd bought a new position in Better Home & Finance in the second quarter valued at about $197,000. Finally, New York State Common Retirement Fund bought a new position in Better Home & Finance in the second quarter valued at about $100,000. 20.94% of the stock is owned by institutional investors.

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.