Better Home & Finance (NASDAQ:BETR) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Better Home & Finance (NASDAQ:BETR) from a strong sell rating to a sell rating in a report published on Saturday morning.

A number of other brokerages have also weighed in on BETR. Cantor Fitzgerald lowered shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $16.00 in a research note on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Friday, July 17th. BTIG Research cut their price target on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Zacks Research raised Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC decreased their price objective on Better Home & Finance from $35.00 to $25.00 and set a “buy” rating for the company in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have assigned 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 an average target price of $28.17.

Better Home & Finance Stock Down 8.5%

Shares of NASDAQ:BETR opened at $13.73 on Friday. Better Home & Finance has a 12 month low of $13.46 and a 12 month high of $94.06. The company’s fifty day simple moving average is $23.70 and its 200 day simple moving average is $29.37. The firm has a market cap of $259.09 million, a price-to-earnings ratio of -1.25 and a beta of 1.73.

Insider Activity at Better Home & Finance

In other Better Home & Finance news, Director Harit Talwar purchased 5,000 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $25.34 per share, for a total transaction of $126,700.00. Following the purchase, the director owned 44,698 shares of the company’s stock, valued at approximately $1,132,647.32. This represents a 12.60% 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 this hyperlink. Also, CEO Vishal Garg purchased 15,600 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the transaction, the chief executive officer directly owned 118,260 shares in the company, valued at approximately $2,956,500. This represents a 15.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 41,350 shares of company stock valued at $1,030,023. Corporate insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently modified their holdings of the stock. Comerica Bank bought a new stake in Better Home & Finance during the fourth quarter worth about $1,819,000. Mangrove Partners IM LLC bought a new position in Better Home & Finance in the fourth quarter valued at approximately $623,000. Fifth Third Bancorp bought a new position in Better Home & Finance in the first quarter valued at approximately $1,460,000. UBS Group AG increased its position in shares of Better Home & Finance by 49.7% during the 4th quarter. UBS Group AG now owns 82,409 shares of the company’s stock worth $2,685,000 after purchasing an additional 27,356 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Better Home & Finance during the 4th quarter worth approximately $456,000. Institutional investors own 20.94% of the company’s stock.

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.