Better Home & Finance Holding Company (NASDAQ:BETR) Receives $36.33 Consensus Price Target from Analysts

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.50.

BETR has been the topic of a number of analyst reports. Roth Capital initiated coverage on Better Home & Finance in a research report on Monday, June 15th. They set a “buy” rating and a $35.00 target price on the stock. Wall Street Zen downgraded Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Needham & Company LLC cut their target price on Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. BTIG Research reduced their target price on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 price target on shares of Better Home & Finance in a research report on Monday, July 20th.

Insider Transactions at Better Home & Finance

In related news, CEO Vishal Garg bought 15,600 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the purchase, the chief executive officer owned 118,260 shares in the company, valued at $2,956,500. This trade represents a 15.20% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hugh R. Frater acquired 5,150 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $24.34 per share, with a total value of $125,351.00. Following the completion of the acquisition, the director owned 6,326 shares of the company’s stock, valued at $153,974.84. The trade was a 437.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 41,350 shares of company stock valued at $1,030,023. Insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Better Home & Finance by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after purchasing an additional 548 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance during the third quarter valued at $31,000. BNP Paribas Financial Markets grew its position in shares of Better Home & Finance by 15.3% during the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock worth $378,000 after acquiring an additional 894 shares during the last quarter. Rhumbline Advisers grew its position in shares of Better Home & Finance by 17.8% during the third quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock worth $339,000 after acquiring an additional 914 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Better Home & Finance by 10.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock worth $340,000 after acquiring an additional 987 shares during the period. 20.94% of the stock is owned by institutional investors.

Better Home & Finance Price Performance

Shares of BETR opened at $18.05 on Tuesday. The stock’s 50-day moving average is $24.67 and its two-hundred day moving average is $29.84. The stock has a market cap of $340.60 million, a PE ratio of -1.64 and a beta of 1.74. Better Home & Finance has a 12 month low of $13.01 and a 12 month high of $94.06.

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.