Better Home & Finance (NASDAQ:BETR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Better Home & Finance (NASDAQ:BETR) from a strong sell rating to a sell rating in a report published on Monday morning.

A number of other research firms also recently weighed in on BETR. BTIG Research began coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Canaccord Genuity Group initiated coverage on Better Home & Finance in a report on Thursday, June 18th. They issued a “buy” rating and a $42.00 price objective for the company. Needham & Company LLC started coverage on Better Home & Finance in a research report on Monday, May 4th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Roth Capital assumed coverage on Better Home & Finance in a report on Monday, June 15th. They set a “buy” rating and a $35.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Better Home & Finance currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

Better Home & Finance Stock Down 1.7%

Shares of BETR stock opened at $23.23 on Monday. The company’s fifty day simple moving average is $26.28 and its 200-day simple moving average is $31.26. The firm has a market cap of $438.35 million, a PE ratio of -1.97 and a beta of 1.71. Better Home & Finance has a 12 month low of $12.57 and a 12 month high of $94.06.

Insider Activity

In other news, Director Harit Talwar acquired 5,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $25.34 per share, with a total value of $126,700.00. Following the transaction, the director directly owned 44,698 shares in the company, valued at approximately $1,132,647.32. The trade was a 12.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Chad M. Smith sold 2,455 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $30.16, for a total transaction of $74,042.80. Following the transaction, the chief operating officer owned 21,061 shares in the company, valued at $635,199.76. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders bought 51,433 shares of company stock valued at $1,334,148. 27.72% of the stock is owned by insiders.

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. Bank of New York Mellon Corp lifted its position in shares of Better Home & Finance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock valued at $495,000 after buying an additional 548 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance during the 3rd quarter worth approximately $31,000. BNP Paribas Financial Markets raised its stake in Better Home & Finance by 15.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after acquiring an additional 894 shares during the period. Rhumbline Advisers raised its stake in Better Home & Finance by 17.8% in the 3rd quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock valued at $339,000 after acquiring an additional 914 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Better Home & Finance by 10.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock valued at $340,000 after purchasing an additional 987 shares during the last quarter. 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.