Better Home & Finance (NASDAQ:BETR) Stock Price Target Lowered at BTIG Research

Better Home & Finance (NASDAQ:BETR) had its price target cut by BTIG Research from $23.00 to $20.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on BETR. Roth Capital set a $25.00 target price on Better Home & Finance in a report on Thursday, August 13th. CLSA raised Better Home & Finance to a “buy” rating in a research report on Wednesday, September 9th. Wall Street Zen downgraded Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, September 12th. B. Riley Financial assumed coverage on Better Home & Finance in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Better Home & Finance in a report on Tuesday, October 6th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Better Home & Finance currently has an average rating of “Moderate Buy” and a consensus price target of $24.57.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $9.20 on Monday. Better Home & Finance has a fifty-two week low of $8.72 and a fifty-two week high of $92.69. The stock has a market cap of $174.79 million, a price-to-earnings ratio of -0.83 and a beta of 1.73. The firm’s 50-day simple moving average is $12.88 and its 200 day simple moving average is $24.00.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). The company had revenue of $54.70 million for the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. On average, sell-side analysts predict that Better Home & Finance will post -7.98 EPS for the current year.

Insider Transactions at Better Home & Finance

In other Better Home & Finance news, insider Chad M. Smith sold 3,307 shares of Better Home & Finance stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total transaction of $42,494.95. Following the transaction, the insider owned 1,693 shares of the company’s stock, valued at $21,755.05. This trade represents a 66.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Paula Tuffin sold 3,108 shares of Better Home & Finance stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $12.36, for a total transaction of $38,414.88. Following the transaction, the general counsel directly owned 40,931 shares in the company, valued at approximately $505,907.16. This represents a 7.06% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Several institutional investors have recently modified their holdings of the business. Whetstone Capital Advisors LLC purchased a new stake in shares of Better Home & Finance during the second quarter valued at approximately $6,985,000. Fifth Third Bancorp purchased a new position in Better Home & Finance in the first quarter worth $1,460,000. Mangrove Partners IM LLC purchased a new position in Better Home & Finance in the fourth quarter worth $623,000. Bank of New York Mellon Corp purchased a new position in Better Home & Finance in the second quarter worth $518,000. Finally, Quantinno Capital Management LP bought a new position in Better Home & Finance in the 1st quarter valued at $505,000. 20.94% of the stock is owned by institutional investors.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a technology-focused homeownership platform that provides digital tools and services for consumers navigating the home-buying and home-financing process. Its offerings are designed to simplify mortgage applications and other transactions through an online platform.

Through its Better Mortgage business, the company originates and facilitates residential mortgage loans. Its broader suite of services has included real estate brokerage, title and settlement services, and homeowners insurance, allowing customers to access several aspects of the homeownership process through a single platform.

Better was founded in 2014 and is associated with founder and Chief Executive Officer Vishal Garg.