Roth Mkm Upgrades Better Home & Finance (NASDAQ:BETR) to “Strong-Buy”

Better Home & Finance (NASDAQ:BETR) was upgraded by research analysts at Roth Mkm to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

BETR has been the subject of several other reports. Needham & Company LLC began coverage on shares of 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. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Better Home & Finance Stock Up 8.8%

Shares of BETR stock opened at $28.83 on Monday. The firm has a market capitalization of $544.02 million, a price-to-earnings ratio of -2.45 and a beta of 1.69. The stock has a fifty day moving average of $32.81 and a 200 day moving average of $34.06. Better Home & Finance has a 52 week low of $11.90 and a 52 week high of $94.06.

Insider Transactions at Better Home & Finance

In other Better Home & Finance news, Director Hugh R. Frater purchased 5,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the purchase, the director directly owned 6,326 shares in the company, valued at $153,974.84. The trade was a 437.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vishal Garg purchased 15,600 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $24.87 per share, with a total value of $387,972.00. Following the completion of the transaction, the chief executive officer owned 87,060 shares in the company, valued at $2,165,182.20. This trade represents a 21.83% increase in their ownership of the stock. The disclosure for this purchase 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 acquired 234,234 shares of company stock worth $6,980,039. Corporate insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank purchased a new position in Better Home & Finance during the fourth quarter valued at $1,819,000. UBS Group AG grew its stake in shares of Better Home & Finance by 49.7% in the fourth quarter. UBS Group AG now owns 82,409 shares of the company’s stock worth $2,685,000 after acquiring an additional 27,356 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Better Home & Finance in the third quarter worth $29,000. Brooklyn FI LLC bought a new position in shares of Better Home & Finance during the third quarter valued at $202,000. Finally, Solstein Capital LLC increased its holdings in shares of Better Home & Finance by 42.6% during the third quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock valued at $124,000 after acquiring an additional 661 shares in 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.