Better Home & Finance (NASDAQ:BETR) Stock Price Up 11.7% on Analyst Upgrade

Better Home & Finance Holding Company (NASDAQ:BETR) shares traded up 11.7% during trading on Wednesday after Cantor Fitzgerald upgraded the stock to a strong-buy rating. The stock traded as high as $36.30 and last traded at $34.24. 460,920 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 479,478 shares. The stock had previously closed at $30.64.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Northland Securities raised Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

Insider Activity

In related news, Director Bhaskar Menon bought 1,500 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were bought at an average price of $33.94 per share, with a total value of $50,910.00. Following the completion of the transaction, the director directly owned 1,500 shares of the company’s stock, valued at $50,910. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of Better Home & Finance stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $38.55, for a total transaction of $308,400.00. Following the sale, the general counsel owned 26,198 shares of the company’s stock, valued at approximately $1,009,932.90. This represents a 23.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,221 shares of company stock valued at $1,357,251 in the last quarter. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

A number of institutional investors have recently modified their holdings of the company. Gratia Capital LLC acquired a new position in Better Home & Finance during the 2nd quarter worth about $1,797,000. Geode Capital Management LLC lifted its position in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,740 shares in the last quarter. Comerica Bank purchased a new position in shares of Better Home & Finance in the fourth quarter valued at approximately $1,819,000. Marshall Wace LLP grew its holdings in shares of Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after purchasing an additional 54,113 shares in the last quarter. Finally, UBS Group AG increased its stake in Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after buying an additional 30,869 shares during the period. 20.94% of the stock is owned by institutional investors and hedge funds.

Better Home & Finance Trading Down 1.1%

The company has a market capitalization of $495.02 million, a price-to-earnings ratio of -2.59 and a beta of 1.99. The stock’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $38.89.

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.