Better Home & Finance (NASDAQ:BETR) CEO Acquires $390,000.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg acquired 15,600 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $25.00 per share, with a total value of $390,000.00. Following the transaction, the chief executive officer directly owned 102,660 shares in the company, valued at $2,566,500. This trade represents a 17.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Vishal Garg also recently made the following trade(s):

• On Monday, May 18th, Vishal Garg acquired 15,600 shares of Better Home & Finance stock. The shares were bought at an average cost of $24.87 per share, with a total value of $387,972.00.
• On Thursday, May 7th, Vishal Garg acquired 6,583 shares of Better Home & Finance stock. The shares were bought at an average cost of $30.00 per share, with a total value of $197,490.00.
• On Wednesday, April 8th, Vishal Garg acquired 10,000 shares of Better Home & Finance stock. The shares were bought at an average cost of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg acquired 2,217 shares of Better Home & Finance stock. The shares were bought at an average cost of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg acquired 10,600 shares of Better Home & Finance stock. The shares were bought at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Price Performance

Better Home & Finance stock traded down $0.92 during mid-day trading on Wednesday, reaching $24.34. 644,865 shares of the company’s stock were exchanged, compared to its average volume of 581,741. Better Home & Finance Holding Company has a twelve month low of $10.81 and a twelve month high of $94.06. The company has a fifty day moving average of $35.02 and a 200-day moving average of $37.94.

Analysts Set New Price Targets

A number of research firms have issued reports on BETR. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, Needham & Company LLC began coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Better Home & Finance during the 3rd quarter worth $29,000. Russell Investments Group Ltd. purchased a new stake in shares of Better Home & Finance during the 3rd quarter worth $31,000. CWM LLC purchased a new stake in shares of Better Home & Finance during the 3rd quarter worth $42,000. Activest Wealth Management purchased a new stake in shares of Better Home & Finance during the 4th quarter worth $59,000. Finally, Solstein Capital LLC lifted its position in shares of Better Home & Finance by 42.6% during the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares during the last quarter. 20.94% of the stock is owned by hedge funds and other 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.