Better Home & Finance (NASDAQ:BETR) CEO Vishal Garg Acquires 15,600 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg acquired 15,600 shares of the stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $387,972.00. Following the acquisition, the chief executive officer directly owned 87,060 shares in the company, valued at $2,165,182.20. This represents a 21.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishal Garg also recently made the following trade(s):

• On Thursday, May 7th, Vishal Garg purchased 6,583 shares of Better Home & Finance stock. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $197,490.00.
• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The shares were purchased at an average cost of $35.05 per share, for a total transaction of $350,500.00.
• On Wednesday, March 25th, Vishal Garg acquired 2,217 shares of Better Home & Finance stock. The shares were bought at an average price of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg acquired 10,600 shares of Better Home & Finance stock. The shares were bought at an average price of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Stock Performance

Shares of BETR opened at $25.05 on Tuesday. The stock has a fifty day moving average of $35.38 and a two-hundred day moving average of $38.65. The company has a market capitalization of $412.07 million, a PE ratio of -2.13 and a beta of 1.83. Better Home & Finance Holding Company has a fifty-two week low of $10.81 and a fifty-two week high of $94.06.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in Better Home & Finance in the 3rd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new position in Better Home & Finance in the 3rd quarter worth approximately $31,000. CWM LLC acquired a new position in Better Home & Finance in the 3rd quarter worth approximately $42,000. Activest Wealth Management acquired a new position in Better Home & Finance in the 4th quarter worth approximately $59,000. Finally, Solstein Capital LLC boosted its stake in Better Home & Finance by 42.6% in the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares during the period. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 target price on the stock. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Better Home & Finance presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

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.