Better Home & Finance (NASDAQ:BETR) Trading Up 8.3% – Should You Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) shares rose 8.3% during trading on Wednesday . The stock traded as high as $29.33 and last traded at $29.7950. Approximately 23,569 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 470,507 shares. The stock had previously closed at $27.50.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BETR. Roth Mkm began coverage on Better Home & Finance in a research note on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. BTIG Research initiated coverage on Better Home & Finance in a report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 target price for the company. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, Needham & Company LLC began coverage on shares of Better Home & Finance in a report on Monday, May 4th. They issued a “buy” rating and a $53.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Better Home & Finance currently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Better Home & Finance Trading Up 13.3%

The firm has a 50 day moving average of $30.56 and a two-hundred day moving average of $32.52. The stock has a market capitalization of $587.78 million, a PE ratio of -2.62 and a beta of 1.69.

Insider Buying and Selling

In other Better Home & Finance news, Director Hugh R. Frater acquired 5,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director directly owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This represents a 437.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harit Talwar acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the purchase, the director owned 44,698 shares in the company, valued at $1,132,647.32. The trade was a 12.60% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 128,417 shares of company stock valued at $3,907,716 in the last three months. 27.72% of the stock is owned by insiders.

Institutional Trading of Better Home & Finance

Several institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of Better Home & Finance in the third quarter valued at about $29,000. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance during the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance in the 2nd quarter valued at approximately $33,000. Finally, Activest Wealth Management acquired a new stake in Better Home & Finance during the 4th quarter valued at $59,000. 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.