Better Home & Finance (NASDAQ:BETR) Stock Price Up 9.1% – Time to Buy?

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price was up 9.1% during trading on Monday . The stock traded as high as $34.88 and last traded at $34.71. Approximately 175,581 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 419,965 shares. The stock had previously closed at $31.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.00.

Better Home & Finance Stock Performance

The stock has a 50-day moving average of $32.04 and a 200-day moving average of $42.10. The firm has a market cap of $555.09 million, a price-to-earnings ratio of -2.89 and a beta of 1.98.

Insider Buying and Selling

In related news, General Counsel Paula Tuffin sold 8,018 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was 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 directly owned 42,487 shares of the company’s stock, valued at $1,218,102.29. This trade represents a 15.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chad M. Smith sold 6,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $30.07, for a total value of $180,420.00. Following the sale, the chief operating officer owned 15,590 shares of the company’s stock, valued at approximately $468,791.30. The trade was a 27.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,392 shares of company stock valued at $1,908,878 over the last 90 days. 23.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently modified their holdings of BETR. JPMorgan Chase & Co. purchased a new position in Better Home & Finance during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in Better Home & Finance during the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. bought a new position in Better Home & Finance in the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance in the second quarter worth about $33,000. Finally, CWM LLC bought a new position in Better Home & Finance in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors 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.