Better Home & Finance (NASDAQ:BETR) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Better Home & Finance (NASDAQ:BETR) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on BETR. Northland Securities raised shares of Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $31.53 on Tuesday. The stock’s 50-day simple moving average is $38.51 and its 200-day simple moving average is $38.89. The firm has a market capitalization of $495.02 million, a PE ratio of -2.59 and a beta of 1.99. Better Home & Finance has a fifty-two week low of $8.90 and a fifty-two week high of $94.06.

Insider Buying and Selling at Better Home & Finance

In other news, COO Chad M. Smith sold 6,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $36.70, for a total value of $220,200.00. Following the completion of the sale, the chief operating officer directly owned 21,590 shares of the company’s stock, valued at approximately $792,353. This represents a 21.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the stock in a transaction dated Monday, January 12th. The stock was 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 $1,009,932.90. This trade represents a 23.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,221 shares of company stock worth $1,357,251. 23.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BETR. Gratia Capital LLC purchased a new stake in shares of Better Home & Finance during the second quarter worth approximately $1,797,000. Geode Capital Management LLC increased its stake in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after buying an additional 61,740 shares during the period. Comerica Bank acquired a new position in Better Home & Finance in the 4th quarter valued at $1,819,000. Marshall Wace LLP raised its position in Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after buying an additional 54,113 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Better Home & Finance by 127.6% in the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after acquiring an additional 30,869 shares during the period. 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.