Better Home & Finance (NASDAQ:BETR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Better Home & Finance (NASDAQ:BETR) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 price target on shares of Better Home & Finance in a report on Monday, July 20th. Canaccord Genuity Group started coverage on Better Home & Finance in a report on Thursday, June 18th. They issued a “buy” rating and a $42.00 price objective on the stock. Northland Securities upgraded Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, July 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.33.

Better Home & Finance Stock Up 2.6%

Shares of NASDAQ:BETR opened at $21.28 on Wednesday. Better Home & Finance has a 12-month low of $12.57 and a 12-month high of $94.06. The business has a 50 day moving average of $25.77 and a 200-day moving average of $30.65. The stock has a market cap of $401.55 million, a PE ratio of -1.81 and a beta of 1.71.

Insider Buying and Selling at Better Home & Finance

In related news, Director Harit Talwar purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the purchase, the director owned 44,698 shares in the company, valued at approximately $1,132,647.32. This represents a 12.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh R. Frater purchased 5,150 shares of Better Home & Finance stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director directly owned 6,326 shares of the company’s stock, valued at $153,974.84. This represents a 437.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 51,433 shares of company stock valued at $1,334,148 in the last three months. Corporate insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Better Home & Finance in the second quarter worth $29,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance during the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance in the 2nd quarter valued at about $33,000. Activest Wealth Management acquired a new position in shares of Better Home & Finance in the 4th quarter valued at approximately $59,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $72,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.