Better Home & Finance Holding Company (NASDAQ:BETR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $41.20.

A number of research firms have commented on BETR. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Saturday. Roth Mkm began coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They set a “buy” rating and a $35.00 price target on the stock. Needham & Company LLC began coverage on shares of Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price target on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, BTIG Research started coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price target on the stock.

Better Home & Finance Stock Performance

BETR stock opened at $28.43 on Monday. Better Home & Finance has a 52 week low of $11.90 and a 52 week high of $94.06. The company has a market capitalization of $536.47 million, a price-to-earnings ratio of -2.42 and a beta of 1.69. The firm’s 50-day moving average is $31.92 and its two-hundred day moving average is $33.54.

Insider Activity

In other news, Director Harit Talwar bought 5,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average cost of $35.24 per share, with a total value of $176,200.00. Following the completion of the transaction, the director directly owned 30,698 shares in the company, valued at approximately $1,081,797.52. The trade was a 19.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hugh R. Frater bought 5,150 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the transaction, the director owned 6,326 shares of the company’s stock, valued at $153,974.84. This represents a 437.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 130,634 shares of company stock valued at $3,974,005. 27.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BETR. Vanguard Group Inc. boosted its holdings 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 worth $22,394,000 after purchasing an additional 6,374 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Better Home & Finance by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock worth $4,927,000 after purchasing an additional 11,922 shares during the period. State Street Corp boosted its holdings in shares of Better Home & Finance by 14.2% during 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. Finally, Marshall Wace LLP boosted its holdings in shares of Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after purchasing an additional 54,113 shares during the period. 20.94% of the stock is owned by hedge funds and other 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.