Better Home & Finance (NASDAQ:BETR) Raised to Sell at Wall Street Zen

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

Several other analysts also recently commented on BETR. Canaccord Genuity Group assumed coverage on shares of Better Home & Finance in a research report on Thursday, June 18th. They set a “buy” rating and a $42.00 price objective on the stock. Roth Capital initiated coverage on shares of Better Home & Finance in a report on Monday, June 15th. They issued a “buy” rating and a $35.00 target price for the company. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 target price on the stock. BTIG Research began coverage on shares of Better Home & Finance in a report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.

Better Home & Finance Price Performance

Shares of NASDAQ:BETR opened at $23.62 on Monday. The business has a fifty day moving average price of $26.39 and a 200-day moving average price of $31.33. The company has a market capitalization of $445.71 million, a PE ratio of -2.01 and a beta of 1.71. Better Home & Finance has a 1-year low of $12.57 and a 1-year high of $94.06.

Insiders Place Their Bets

In related news, CEO Vishal Garg purchased 15,600 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $25.00 per share, with a total value of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hugh R. Frater purchased 5,150 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 6,326 shares in the company, valued at approximately $153,974.84. The trade was a 437.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 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 in the fourth quarter worth approximately $2,457,000. Goldman Sachs Group Inc. raised its stake in Better Home & Finance by 1,465.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after buying an additional 68,977 shares during the last quarter. Geode Capital Management LLC raised its stake in Better Home & Finance by 90.6% during 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 last quarter. Comerica Bank bought a new position in shares of Better Home & Finance during the 4th quarter valued at $1,819,000. Finally, Marshall Wace LLP lifted its holdings in shares of Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares during the period. 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.