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

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $28.1667.

Several research firms have commented on BETR. Cantor Fitzgerald downgraded Better Home & Finance from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $16.00 in a report on Thursday, August 13th. BTIG Research lowered their price target on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Northland Securities upgraded shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Thursday, July 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Friday, July 17th. Finally, Needham & Company LLC reduced their price objective on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

Insider Activity at Better Home & Finance

In other news, Director Hugh R. Frater purchased 5,150 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the acquisition, the director directly owned 6,326 shares in the company, valued at $153,974.84. This represents a 437.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad M. Smith sold 3,307 shares of the firm’s 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 sale, the insider directly owned 1,693 shares of the company’s stock, valued at $21,755.05. This trade represents a 66.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Institutional Trading of Better Home & Finance

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Better Home & Finance by 1.6% in the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock worth $22,394,000 after purchasing an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Better Home & Finance by 4,324.3% during the second quarter. California State Teachers Retirement System now owns 243,513 shares of the company’s stock valued at $6,697,000 after buying an additional 238,009 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Better Home & Finance by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock valued at $4,927,000 after buying an additional 11,922 shares during the last quarter. Finally, State Street Corp increased its holdings in Better Home & Finance by 14.2% in the 4th quarter. State Street Corp now owns 116,597 shares of the company’s stock worth $3,799,000 after buying an additional 14,540 shares in the last quarter. Institutional investors own 20.94% of the company’s stock.

Better Home & Finance Stock Down 5.1%

Shares of BETR opened at $13.85 on Friday. The business’s 50 day moving average price is $20.93 and its 200-day moving average price is $28.27. Better Home & Finance has a 52 week low of $11.11 and a 52 week high of $94.06. The stock has a market cap of $263.15 million, a P/E ratio of -1.26 and a beta of 1.73.

Better Home & Finance (NASDAQ:BETR) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. The company had revenue of $54.70 million for the quarter. On average, equities analysts anticipate that Better Home & Finance will post -6.56 EPS for the current year.

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.