Better Home & Finance Holding Company (NASDAQ:BETR) Given Average Recommendation of “Moderate Buy” by Analysts

Better Home & Finance Holding Company (NASDAQ:BETR) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $40.6667.

Several analysts have recently commented on the company. Northland Securities raised 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 note on Thursday, July 9th. BTIG Research assumed coverage on Better Home & Finance in a report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price target 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 price target for the company. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th.

Insider Activity at Better Home & Finance

In other news, COO Chad M. Smith sold 2,455 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $30.16, for a total transaction of $74,042.80. Following the completion of the transaction, the chief operating officer directly owned 21,061 shares of the company’s stock, valued at $635,199.76. This represents a 10.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harit Talwar bought 5,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the transaction, the director owned 44,698 shares of the company’s stock, valued at approximately $1,132,647.32. This represents a 12.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 51,433 shares of company stock valued at $1,334,148 over the last quarter. Corporate insiders own 27.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in Better Home & Finance during the third quarter valued at $29,000. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance during the 3rd quarter valued at about $31,000. Activest Wealth Management purchased a new position in shares of Better Home & Finance during the fourth quarter worth about $59,000. JPMorgan Chase & Co. bought a new position in shares of Better Home & Finance in the second quarter worth approximately $29,000. Finally, New York State Common Retirement Fund raised its stake in 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 in the last quarter. Institutional investors own 20.94% of the company’s stock.

Better Home & Finance Price Performance

BETR opened at $24.56 on Friday. Better Home & Finance has a fifty-two week low of $12.57 and a fifty-two week high of $94.06. The firm has a market capitalization of $463.45 million, a PE ratio of -2.09 and a beta of 1.71. The company’s 50-day moving average is $27.35 and its 200 day moving average is $31.72.

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.