Insider Buying: Better Home & Finance (NASDAQ:BETR) CEO Acquires 10,600 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg bought 10,600 shares of Better Home & Finance stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of $29.49 per share, for a total transaction of $312,594.00. Following the purchase, the chief executive officer owned 42,060 shares of the company’s stock, valued at approximately $1,240,349.40. This trade represents a 33.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Better Home & Finance Trading Down 1.4%

BETR stock opened at $28.59 on Wednesday. The stock has a market cap of $470.31 million, a PE ratio of -2.64 and a beta of 1.98. Better Home & Finance Holding Company has a 12 month low of $9.50 and a 12 month high of $94.06. The company has a 50-day moving average price of $31.25 and a 200 day moving average price of $43.04.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BETR. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Better Home & Finance currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BETR. Vanguard Group Inc. increased its stake in Better Home & Finance by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock worth $22,394,000 after buying an additional 6,374 shares during the period. Goldman Sachs Group Inc. boosted its position in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after buying an additional 8,924 shares during the period. Geode Capital Management LLC boosted its position in Better Home & Finance by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock valued at $4,927,000 after buying an additional 11,922 shares during the period. Gratia Capital LLC bought a new position in Better Home & Finance in the 2nd quarter worth about $1,797,000. Finally, State Street Corp grew its stake in Better Home & Finance by 14.2% in the 4th quarter. State Street Corp now owns 116,597 shares of the company’s stock worth $3,799,000 after acquiring an additional 14,540 shares in the last quarter. 20.94% of the stock is currently owned by 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.