Better Home & Finance Holding Company (NASDAQ:BETR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.50.

A number of analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price target for the company. Wall Street Zen downgraded Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, Roth Mkm assumed coverage on Better Home & Finance in a research report on Monday. They set a “buy” rating for the company.

Better Home & Finance Stock Performance

Shares of BETR opened at $26.51 on Monday. The company has a market cap of $500.24 million, a PE ratio of -2.25 and a beta of 1.69. The stock has a 50-day moving average price of $32.99 and a 200-day moving average price of $34.18. Better Home & Finance has a 12-month low of $11.90 and a 12-month high of $94.06.

Insiders Place Their Bets

In other Better Home & Finance news, COO Chad M. Smith sold 2,455 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $30.16, for a total value of $74,042.80. Following the completion of the sale, the chief operating officer owned 21,061 shares in the company, valued at approximately $635,199.76. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Ventures Iv L.P. Framework acquired 54,384 shares of the stock in a transaction on Friday, April 10th. The stock was bought at an average price of $32.96 per share, with a total value of $1,792,496.64. Following the transaction, the insider directly owned 1,006,696 shares of the company’s stock, valued at approximately $33,180,700.16. The trade was a 5.71% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 234,234 shares of company stock valued at $6,980,039 over the last 90 days. Company insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Several hedge funds and other institutional investors have recently bought and sold shares of BETR. Goldman Sachs Group Inc. lifted its position in Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Geode Capital Management LLC lifted its position in Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Better Home & Finance in the second quarter valued at approximately $29,000. XTX Topco Ltd bought a new stake in Better Home & Finance in the second quarter valued at approximately $197,000. Finally, New York State Common Retirement Fund bought a new stake in Better Home & Finance in the second quarter valued at approximately $100,000. Institutional investors 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.