Better Home & Finance (NASDAQ:BETR) Trading 9.8% Higher – Time to Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) shares rose 9.8% on Thursday . The stock traded as high as $37.77 and last traded at $38.0590. Approximately 172,644 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 419,942 shares. The stock had previously closed at $34.65.

Analyst Ratings Changes

A number of brokerages have weighed in on BETR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.00.

Better Home & Finance Trading Up 7.7%

The stock has a market cap of $613.83 million, a price-to-earnings ratio of -3.48 and a beta of 1.90. The business has a 50 day simple moving average of $31.09 and a two-hundred day simple moving average of $43.27.

Insider Buying and Selling

In other news, General Counsel Paula Tuffin sold 8,018 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $28.67, for a total transaction of $229,876.06. Following the completion of the transaction, the general counsel owned 42,487 shares in the company, valued at approximately $1,218,102.29. This represents a 15.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vishal Garg purchased 10,600 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of $29.49 per share, for a total transaction of $312,594.00. Following the acquisition, the chief executive officer owned 42,060 shares of the company’s stock, valued at approximately $1,240,349.40. The trade was a 33.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 191,909 shares of company stock valued at $6,030,096 and have sold 40,955 shares valued at $1,324,339. 23.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC purchased a new stake in shares of Better Home & Finance in the fourth quarter valued at $456,000. Engineers Gate Manager LP bought a new stake in Better Home & Finance in the fourth quarter worth $450,000. AQR Capital Management LLC raised its stake in shares of Better Home & Finance by 39.7% in the 4th quarter. AQR Capital Management LLC now owns 13,769 shares of the company’s stock valued at $449,000 after acquiring an additional 3,913 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Better Home & Finance during the 4th quarter worth $2,457,000. Finally, California State Teachers Retirement System grew its position in shares of Better Home & Finance by 1,686.9% in the fourth quarter. California State Teachers Retirement System now owns 5,468 shares of the company’s stock valued at $178,000 after purchasing an additional 5,162 shares during the last quarter. Institutional investors and hedge funds 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.