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

Better Home & Finance Holding Company (NASDAQ:BETR) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.1667.

Several research analysts have recently commented on the company. Wall Street Zen upgraded Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Better Home & Finance in a research report on Tuesday, August 4th. Needham & Company LLC dropped their price objective on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Roth Capital set a $25.00 target price on shares of Better Home & Finance in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald downgraded shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $16.00 in a report on Thursday, August 13th.

Insider Activity

In other news, Director Hugh R. Frater acquired 5,150 shares of Better Home & Finance stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the acquisition, the director directly owned 6,326 shares in the company, valued at approximately $153,974.84. The trade was a 437.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad M. Smith sold 3,307 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total value of $42,494.95. Following the completion of the transaction, the insider directly owned 1,693 shares in the company, valued at $21,755.05. The trade was a 66.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 27.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Better Home & Finance by 4,324.3% during the 2nd quarter. California State Teachers Retirement System now owns 243,513 shares of the company’s stock worth $6,697,000 after buying an additional 238,009 shares during the period. Jump Financial LLC bought a new stake in shares of Better Home & Finance in the fourth quarter valued at about $2,457,000. Goldman Sachs Group Inc. boosted its position in shares of Better Home & Finance by 1,465.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after acquiring an additional 68,977 shares during the period. Geode Capital Management LLC grew its stake in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of Better Home & Finance in the fourth quarter valued at about $1,819,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Better Home & Finance Stock Performance

Shares of NASDAQ:BETR opened at $14.48 on Friday. Better Home & Finance has a 52-week low of $11.11 and a 52-week high of $94.06. The company has a market capitalization of $275.12 million, a P/E ratio of -1.31 and a beta of 1.68. The company has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $27.71.

Better Home & Finance (NASDAQ:BETR) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). The business had revenue of $54.70 million for the quarter. Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%. As a group, equities analysts forecast that Better Home & Finance will post -6.56 earnings per share for the current year.

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.