Better Home & Finance (NASDAQ:BETR) Rating Lowered to Strong Sell at Wall Street Zen

Better Home & Finance (NASDAQ:BETR) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Sunday.

Other analysts also recently issued research reports about the stock. BTIG Research initiated coverage on shares of Better Home & Finance in a report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price target for the company. Northland Securities upgraded Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Thursday. Needham & Company LLC initiated coverage on Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 target price for the company. Roth Capital initiated coverage on Better Home & Finance in a research report on Monday, June 15th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Canaccord Genuity Group began coverage on Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

Better Home & Finance Trading Up 0.3%

Better Home & Finance stock traded up $0.08 during midday trading on Friday, hitting $25.70. 157,536 shares of the stock were exchanged, compared to its average volume of 324,679. The stock’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $31.93. Better Home & Finance has a fifty-two week low of $12.57 and a fifty-two week high of $94.06. The stock has a market capitalization of $484.96 million, a price-to-earnings ratio of -2.18 and a beta of 1.71.

Insider Activity at Better Home & Finance

In related news, CEO Vishal Garg acquired 15,600 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $390,000.00. Following the acquisition, the chief executive officer owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hugh R. Frater bought 5,150 shares of the business’s stock in a transaction on 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 transaction, the director owned 6,326 shares of the company’s stock, valued at $153,974.84. This trade represents a 437.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 51,433 shares of company stock valued at $1,334,148 over the last 90 days. Insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of BETR. Goldman Sachs Group Inc. lifted its position 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 in the last quarter. Geode Capital Management LLC increased its stake in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after buying an additional 61,740 shares during the period. JPMorgan Chase & Co. acquired a new stake in Better Home & Finance during the 2nd quarter worth approximately $29,000. XTX Topco Ltd purchased a new position in Better Home & Finance in the 2nd quarter valued at approximately $197,000. Finally, New York State Common Retirement Fund purchased a new position in Better Home & Finance in the 2nd quarter valued at approximately $100,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.