Canaccord Genuity Group Begins Coverage on Better Home & Finance (NASDAQ:BETR)

Equities research analysts at Canaccord Genuity Group assumed coverage on shares of Better Home & Finance (NASDAQ:BETR) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 49.87% from the company’s current price.

Other equities analysts also recently issued reports about the company. BTIG Research initiated coverage on Better Home & Finance in a research report on Tuesday. They issued a “buy” rating and a $36.00 target price on the stock. Roth Mkm started coverage on Better Home & Finance in a research note on Monday. They set a “buy” rating and a $35.00 price target on the stock. Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, Needham & Company LLC began coverage on Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.20.

Better Home & Finance Trading Up 3.1%

Shares of NASDAQ BETR traded up $0.84 during midday trading on Thursday, reaching $28.02. The company had a trading volume of 33,547 shares, compared to its average volume of 478,477. Better Home & Finance has a 1 year low of $11.90 and a 1 year high of $94.06. The business’s 50-day simple moving average is $32.38 and its 200 day simple moving average is $33.79. The stock has a market cap of $528.81 million, a P/E ratio of -2.36 and a beta of 1.69.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, Director Harit Talwar purchased 5,000 shares of the stock in a transaction on Thursday, April 9th. The shares were bought at an average cost of $32.89 per share, with a total value of $164,450.00. Following the completion of the acquisition, the director owned 36,698 shares in the company, valued at $1,206,997.22. This trade represents a 15.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Hugh R. Frater purchased 5,150 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the transaction, the director directly owned 6,326 shares in the company, valued at $153,974.84. This trade represents a 437.93% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 181,234 shares of company stock valued at $5,470,599. Company insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in Better Home & Finance during the third quarter worth about $29,000. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Better Home & Finance during the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $33,000. Finally, Activest Wealth Management purchased a new position in shares of Better Home & Finance during the 4th quarter valued at approximately $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.