Zacks Research Upgrades Better Home & Finance (NASDAQ:BETR) to Hold

Better Home & Finance (NASDAQ:BETR) was upgraded by Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on BETR. BTIG Research started coverage on Better Home & Finance in a report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 target price on the stock. Roth Capital assumed coverage on shares of Better Home & Finance in a research note on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. Canaccord Genuity Group assumed coverage on Better Home & Finance in a research report on Thursday, June 18th. They set a “buy” rating and a $42.00 price objective for the company. Northland Securities raised Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.33.

Better Home & Finance Stock Up 2.6%

Shares of Better Home & Finance stock opened at $21.28 on Wednesday. The business has a fifty day simple moving average of $25.77 and a 200-day simple moving average of $30.65. The stock has a market cap of $401.55 million, a PE ratio of -1.81 and a beta of 1.71. Better Home & Finance has a 12 month low of $12.57 and a 12 month high of $94.06.

Insider Buying and Selling

In related news, Director Hugh R. Frater acquired 5,150 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $24.34 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vishal Garg bought 15,600 shares of the firm’s stock in a transaction 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 118,260 shares of the company’s stock, valued at approximately $2,956,500. This trade represents a 15.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 51,433 shares of company stock worth $1,334,148 over the last ninety days. 27.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Better Home & Finance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after purchasing an additional 548 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Better Home & Finance during the 3rd quarter worth about $31,000. BNP Paribas Financial Markets raised its holdings in Better Home & Finance by 15.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after acquiring an additional 894 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Better Home & Finance by 17.8% in the third quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock valued at $339,000 after purchasing an additional 914 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Better Home & Finance by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock worth $340,000 after purchasing an additional 987 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.