Better Home & Finance (NASDAQ:BETR) Given New $23.00 Price Target at BTIG Research

Better Home & Finance (NASDAQ:BETR) had its price target decreased by equities researchers at BTIG Research from $36.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 48.77% from the company’s current price.

Other analysts have also issued reports about the stock. Needham & Company LLC cut their target price on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 price objective on shares of Better Home & Finance in a research report on Monday, July 20th. Canaccord Genuity Group restated a “buy” rating and issued a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th. Zacks Research raised Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Better Home & Finance Price Performance

Better Home & Finance stock opened at $15.46 on Monday. The company’s 50 day moving average is $24.89 and its two-hundred day moving average is $29.94. The firm has a market cap of $291.73 million, a PE ratio of -1.40 and a beta of 1.73. Better Home & Finance has a 52-week low of $12.74 and a 52-week high of $94.06.

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 dated Thursday, June 11th. The stock was acquired at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the purchase, the director owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This represents a 437.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vishal Garg bought 15,600 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $25.00 per share, with a total value of $390,000.00. Following the purchase, 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 position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 41,750 shares of company stock valued at $1,042,243. Insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

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