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

Northland Securities upgraded shares of Better Home & Finance (NASDAQ:BETR) from a market perform rating to an outperform rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Northland Securities currently has $38.00 price objective on the stock.

A number of other equities research analysts have also issued reports 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, June 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Canaccord Genuity Group initiated coverage on Better Home & Finance in a research note on Thursday, June 18th. They set a “buy” rating and a $42.00 target price for the company. Roth Capital initiated coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Needham & Company LLC started coverage on Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective for the company. One investment 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.com, Better Home & Finance currently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Better Home & Finance Price Performance

NASDAQ:BETR opened at $25.62 on Thursday. Better Home & Finance has a 1-year low of $12.57 and a 1-year high of $94.06. The firm has a 50-day moving average of $28.32 and a two-hundred day moving average of $31.98. The stock has a market cap of $483.45 million, a P/E ratio of -2.18 and a beta of 1.71.

Insider Activity at Better Home & Finance

In related news, CEO Vishal Garg purchased 15,600 shares of Better Home & Finance stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $25.00 per share, with a total value of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at approximately $2,956,500. This trade represents a 15.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harit Talwar acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $25.34 per share, with a total value of $126,700.00. Following the completion of the acquisition, the director owned 44,698 shares of the company’s stock, valued at $1,132,647.32. This represents a 12.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 51,433 shares of company stock valued at $1,334,148 in the last 90 days. 27.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BETR. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the second quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Better Home & Finance in the 3rd quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Better Home & Finance in the 3rd quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Better Home & Finance in the second quarter valued at $33,000. Finally, Activest Wealth Management acquired a new position in Better Home & Finance during the fourth quarter worth $59,000. 20.94% of the stock is 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.