Better Home & Finance (NASDAQ:BETR) Upgraded at Wall Street Zen

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

A number of other analysts have also weighed in on BETR. Needham & Company LLC began coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 price objective for the company. Canaccord Genuity Group initiated coverage on shares of Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Roth Capital began coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They set a “buy” rating and a $35.00 price target for the company. Finally, BTIG Research started coverage on shares of Better Home & Finance in a report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.67.

Better Home & Finance Stock Performance

NASDAQ BETR opened at $23.42 on Monday. Better Home & Finance has a 12 month low of $12.57 and a 12 month high of $94.06. The stock’s fifty day moving average price is $26.69 and its 200-day moving average price is $31.46. The stock has a market cap of $441.94 million, a P/E ratio of -1.99 and a beta of 1.71.

Insiders Place Their Bets

In other Better Home & Finance news, Director Hugh R. Frater bought 5,150 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $24.34 per share, with a total value of $125,351.00. Following the transaction, the director owned 6,326 shares in the company, valued at $153,974.84. This represents a 437.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vishal Garg bought 15,600 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 51,433 shares of company stock valued at $1,334,148 over the last quarter. Corporate insiders own 27.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new stake in Better Home & Finance during the 4th quarter valued at $2,457,000. Goldman Sachs Group Inc. boosted its stake in shares of Better Home & Finance by 1,465.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock worth $2,401,000 after buying an additional 68,977 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after acquiring an additional 61,740 shares during the period. Comerica Bank bought a new stake in shares of Better Home & Finance in the fourth quarter worth $1,819,000. Finally, Marshall Wace LLP increased its position in Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after acquiring an additional 54,113 shares during the last quarter. Institutional investors own 20.94% of the company’s stock.

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.