Better Home & Finance (NASDAQ:BETR) CEO Vishal Garg Acquires 15,600 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg purchased 15,600 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the transaction, the chief executive officer owned 102,660 shares in the company, valued at $2,566,500. This trade represents a 17.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vishal Garg also recently made the following trade(s):

• On Monday, May 18th, Vishal Garg bought 15,600 shares of Better Home & Finance stock. The stock was bought at an average price of $24.87 per share, for a total transaction of $387,972.00.
• On Thursday, May 7th, Vishal Garg bought 6,583 shares of Better Home & Finance stock. The stock was bought at an average price of $30.00 per share, for a total transaction of $197,490.00.
• On Wednesday, April 8th, Vishal Garg bought 10,000 shares of Better Home & Finance stock. The stock was bought at an average price of $35.05 per share, for a total transaction of $350,500.00.
• On Wednesday, March 25th, Vishal Garg bought 2,217 shares of Better Home & Finance stock. The stock was bought at an average price of $29.90 per share, for a total transaction of $66,288.30.
• On Monday, March 23rd, Vishal Garg bought 10,600 shares of Better Home & Finance stock. The stock was acquired at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Stock Down 3.6%

Shares of Better Home & Finance stock opened at $24.34 on Thursday. The stock has a market cap of $400.39 million, a PE ratio of -2.07 and a beta of 1.83. The business has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $37.94. Better Home & Finance Holding Company has a 12 month low of $10.81 and a 12 month high of $94.06.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BETR shares. 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 for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Institutional Trading of Better Home & Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stoic Point Capital Management LLC acquired a new stake in shares of Better Home & Finance in the first quarter worth about $467,000. Royal Bank of Canada lifted its position in shares of Better Home & Finance by 1,264.0% in the first quarter. Royal Bank of Canada now owns 2,728 shares of the company’s stock worth $97,000 after buying an additional 2,528 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Better Home & Finance in the first quarter worth about $505,000. Walleye Capital LLC acquired a new stake in shares of Better Home & Finance in the first quarter worth about $262,000. Finally, Bank of New York Mellon Corp increased its stake 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 worth $495,000 after purchasing an additional 548 shares during the period. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.