Better Home & Finance (NASDAQ:BETR) Trading Up 9.8% – What’s Next?

Better Home & Finance Holding Company (NASDAQ:BETR)’s share price shot up 9.8% during mid-day trading on Thursday . The company traded as high as $37.77 and last traded at $38.0590. 172,644 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 419,942 shares. The stock had previously closed at $34.65.

Analysts Set New Price Targets

Several research firms recently weighed in on BETR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

Better Home & Finance Price Performance

The business’s 50 day moving average is $31.09 and its 200-day moving average is $43.27. The company has a market cap of $613.83 million, a PE ratio of -3.48 and a beta of 1.90.

Insider Buying and Selling

In other Better Home & Finance news, CEO Vishal Garg acquired 2,217 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of $29.90 per share, for a total transaction of $66,288.30. Following the completion of the purchase, the chief executive officer owned 54,877 shares in the company, valued at $1,640,822.30. This trade represents a 4.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Chad M. Smith sold 2,374 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $28.51, for a total value of $67,682.74. Following the transaction, the chief operating officer directly owned 18,575 shares in the company, valued at approximately $529,573.25. This represents a 11.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 191,909 shares of company stock worth $6,030,096 and have sold 40,955 shares worth $1,324,339. 23.59% of the stock is owned by company insiders.

Institutional Trading of Better Home & Finance

Several hedge funds have recently modified their holdings of BETR. Goldman Sachs Group Inc. increased its stake in shares of Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after acquiring an additional 8,924 shares during the last quarter. Geode Capital Management LLC grew its holdings in Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the period. JPMorgan Chase & Co. acquired a new position in Better Home & Finance during the second quarter worth approximately $29,000. XTX Topco Ltd purchased a new position in Better Home & Finance during the second quarter worth approximately $197,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at $173,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.