Better Home & Finance (NASDAQ:BETR) Director Bhaskar Menon Acquires 1,500 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) Director Bhaskar Menon bought 1,500 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average cost of $33.94 per share, for a total transaction of $50,910.00. Following the completion of the purchase, the director directly owned 1,500 shares of the company’s stock, valued at $50,910. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Better Home & Finance Price Performance

BETR stock traded up $2.16 during midday trading on Friday, reaching $34.74. The company had a trading volume of 331,516 shares, compared to its average volume of 446,739. The firm has a 50-day moving average price of $50.31 and a 200-day moving average price of $35.95. The company has a market capitalization of $545.42 million, a P/E ratio of -2.85 and a beta of 2.00. Better Home & Finance Holding Company has a 1 year low of $7.71 and a 1 year high of $94.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of Better Home & Finance in the second quarter worth about $29,000. FNY Investment Advisers LLC bought a new position in Better Home & Finance during the 3rd quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new position in Better Home & Finance during the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Better Home & Finance in the 2nd quarter worth approximately $33,000. Finally, CWM LLC bought a new stake in Better Home & Finance in the third quarter valued at approximately $42,000. 20.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BETR has been the topic of a number of research analyst reports. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Northland Capmk upgraded Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Northland Securities began coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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.