Better Home & Finance (NASDAQ:BETR) Major Shareholder Purchases $354,600.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework bought 10,000 shares of Better Home & Finance stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $35.46 per share, for a total transaction of $354,600.00. Following the acquisition, the insider owned 571,908 shares in the company, valued at $20,279,857.68. The trade was a 1.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Iv L.P. Framework also recently made the following trade(s):

• On Wednesday, March 11th, Ventures Iv L.P. Framework purchased 21,598 shares of Better Home & Finance stock. The stock was acquired at an average cost of $39.73 per share, with a total value of $858,088.54.

Better Home & Finance Stock Up 4.5%

Shares of BETR traded up $1.71 during trading hours on Wednesday, hitting $39.93. The company had a trading volume of 331,247 shares, compared to its average volume of 362,342. Better Home & Finance Holding Company has a 52-week low of $9.50 and a 52-week high of $94.06. The stock’s 50 day moving average price is $32.32 and its 200 day moving average price is $42.36. The firm has a market cap of $626.90 million, a P/E ratio of -3.28 and a beta of 1.98.

Institutional Trading of Better Home & Finance

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Better Home & Finance by 1.6% during the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after purchasing an additional 6,374 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Better Home & Finance by 3.1% during 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Better Home & Finance by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock worth $4,927,000 after acquiring an additional 11,922 shares in the last quarter. Gratia Capital LLC purchased a new position in Better Home & Finance during the 2nd quarter valued at about $1,797,000. Finally, State Street Corp grew its holdings in Better Home & Finance by 14.2% in the fourth quarter. State Street Corp now owns 116,597 shares of the company’s stock worth $3,799,000 after purchasing an additional 14,540 shares during the period. 20.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BETR shares. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a 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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

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.