Better Home & Finance (NASDAQ:BETR) Coverage Initiated at B. Riley Financial

Equities research analysts at B. Riley Financial initiated coverage on shares of Better Home & Finance (NASDAQ:BETR) in a research note issued to investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $26.00 price target on the stock. B. Riley Financial’s price target suggests a potential upside of 91.18% from the stock’s current price.

Other research analysts have also issued reports about the stock. Needham & Company LLC lowered their target price on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. BTIG Research reduced their price target on shares of Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a report on Monday, August 10th. Zacks Research upgraded shares of Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Canaccord Genuity Group restated a “buy” rating and issued a $42.00 target price on shares of Better Home & Finance in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.86.

Better Home & Finance Trading Down 6.1%

Shares of NASDAQ:BETR opened at $13.60 on Wednesday. The stock has a market capitalization of $258.39 million, a PE ratio of -1.23 and a beta of 1.68. Better Home & Finance has a 1 year low of $11.11 and a 1 year high of $94.06. The firm has a fifty day moving average price of $19.15 and a 200 day moving average price of $27.43.

Better Home & Finance (NASDAQ:BETR) last posted its earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.23). Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. The company had revenue of $54.70 million for the quarter. On average, sell-side analysts forecast that Better Home & Finance will post -6.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chad M. Smith sold 3,307 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total transaction of $42,494.95. Following the completion of the transaction, the insider directly owned 1,693 shares in the company, valued at approximately $21,755.05. The trade was a 66.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Hugh R. Frater bought 5,150 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $24.34 per share, with a total value of $125,351.00. Following the purchase, 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 position. The disclosure for this purchase is available in the SEC filing. 27.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Several large investors have recently modified their holdings of BETR. JPMorgan Chase & Co. bought a new stake in Better Home & Finance during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in Better Home & Finance during the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Better Home & Finance during the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets bought a new position in shares of Better Home & Finance during the 2nd quarter worth approximately $72,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Better Home & Finance by 257.1% in the fourth quarter. New York State Common Retirement Fund now owns 2,500 shares of the company’s stock valued at $81,000 after purchasing an additional 1,800 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors.

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.