Insider Buying: Better Home & Finance (NASDAQ:BETR) Director Acquires 1,500 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) Director Bhaskar Menon purchased 1,500 shares of Better Home & Finance stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average price of $33.94 per share, with a total value of $50,910.00. Following the transaction, the director owned 1,500 shares of the company’s stock, valued at $50,910. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Better Home & Finance Stock Performance

BETR stock traded up $2.16 during mid-day trading on Friday, hitting $34.74. The company had a trading volume of 331,516 shares, compared to its average volume of 446,739. The firm has a market cap of $545.42 million, a PE ratio of -2.85 and a beta of 2.00. Better Home & Finance Holding Company has a 12 month low of $7.71 and a 12 month high of $94.06. The stock’s fifty day moving average price is $50.31 and its two-hundred day moving average price is $35.95.

Wall Street Analyst Weigh In

BETR has been the subject of several research reports. Northland Securities assumed coverage on Better Home & Finance in a report on Monday, October 6th. They set a “market perform” rating for the company. Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Better Home & Finance currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gratia Capital LLC purchased a new stake in shares of Better Home & Finance in the second quarter worth $1,797,000. Geode Capital Management LLC increased its stake in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after acquiring an additional 61,740 shares during the last quarter. Marshall Wace LLP increased its stake in Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after acquiring an additional 54,113 shares during the last quarter. UBS Group AG raised its holdings in shares of Better Home & Finance by 127.6% in the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock valued at $3,091,000 after acquiring an additional 30,869 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Better Home & Finance during the 3rd quarter valued at about $1,647,000. Institutional investors own 20.94% of the company’s stock.

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.