Better Home & Finance (NASDAQ:BETR) Stock Price Up 10.5% After Insider Buying Activity

Better Home & Finance Holding Company (NASDAQ:BETR) shares traded up 10.5% during mid-day trading on Friday following insider buying activity. The stock traded as high as $27.74 and last traded at $26.6250. 108,657 shares were traded during trading, a decline of 78% from the average session volume of 483,816 shares. The stock had previously closed at $24.10.

Specifically, Director Hugh R. Frater purchased 5,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost 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. The trade was a 437.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. 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 price target on the stock. Finally, Wall Street Zen downgraded shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Better Home & Finance Stock Up 8.9%

The stock has a market capitalization of $495.24 million, a price-to-earnings ratio of -2.23 and a beta of 1.69. The business’s 50 day simple moving average is $33.15 and its 200-day simple moving average is $34.31.

Institutional Investors Weigh In On Better Home & Finance

A number of large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Better Home & Finance during the third quarter worth about $29,000. Bank of New York Mellon Corp grew its stake in Better Home & Finance by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after buying an additional 548 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance during the third quarter worth about $31,000. Solstein Capital LLC grew its stake in Better Home & Finance by 42.6% during the third quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after buying an additional 661 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Better Home & Finance by 15.3% during the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock worth $378,000 after buying an additional 894 shares in the last quarter. 20.94% of the stock is currently 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.