Better Home & Finance (NASDAQ:BETR) Price Target Raised to $22.00

Better Home & Finance (NASDAQ:BETR) had its price target lifted by research analysts at Needham & Company LLC from $15.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would suggest a potential upside of 31.58% from the company’s previous close.

Several other research analysts have also weighed in on BETR. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 price objective on shares of Better Home & Finance in a research note on Tuesday, August 4th. Northland Securities set a $18.00 target price on shares of Better Home & Finance in a research note on Wednesday, October 7th. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, September 12th. Roth Capital set a $25.00 price target on shares of Better Home & Finance in a research report on Thursday, August 13th. Finally, Weiss Ratings raised shares of Better Home & Finance from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 22nd. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Better Home & Finance presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Better Home & Finance Stock Performance

NASDAQ:BETR opened at $16.72 on Monday. Better Home & Finance has a 1-year low of $7.51 and a 1-year high of $92.69. The firm has a market capitalization of $317.68 million, a price-to-earnings ratio of -1.52 and a beta of 1.73. The business’s 50-day moving average price is $12.18 and its two-hundred day moving average price is $22.55.

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

Insider Activity at Better Home & Finance

In related news, General Counsel Paula Tuffin sold 3,108 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $12.36, for a total value of $38,414.88. Following the completion of the transaction, the general counsel directly owned 40,931 shares in the company, valued at approximately $505,907.16. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Chad Smith sold 3,307 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total value of $42,494.95. Following the sale, the insider directly owned 1,693 shares of the company’s stock, valued at approximately $21,755.05. The trade was a 66.14% decrease in their ownership of the stock. 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. Insiders sold a total of 8,960 shares of company stock valued at $107,647 over the last quarter. 27.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whetstone Capital Advisors LLC acquired a new stake in shares of Better Home & Finance during the second quarter worth $6,985,000. Fifth Third Bancorp bought a new stake in Better Home & Finance in the 1st quarter valued at $1,460,000. Bank of New York Mellon Corp bought a new stake in Better Home & Finance in the 2nd quarter valued at $518,000. Quantinno Capital Management LP acquired a new position in Better Home & Finance in the 1st quarter worth $505,000. Finally, Stoic Point Capital Management LLC acquired a new position in Better Home & Finance in the 1st quarter worth $467,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home.

Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.