Better Home & Finance (NASDAQ:BETR) CEO Vishal Garg Purchases 6,583 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg bought 6,583 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average price of $30.00 per share, with a total value of $197,490.00. Following the completion of the purchase, the chief executive officer directly owned 71,460 shares of the company’s stock, valued at $2,143,800. This represents a 10.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The shares were acquired at an average price 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 stock was acquired 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 acquired at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Stock Performance

Shares of Better Home & Finance stock opened at $30.52 on Friday. The firm has a market cap of $502.05 million, a P/E ratio of -2.82 and a beta of 1.83. The firm’s 50-day simple moving average is $35.94 and its 200-day simple moving average is $41.05. Better Home & Finance Holding Company has a twelve month low of $10.81 and a twelve month high of $94.06.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BETR shares. Wall Street Zen raised Better Home & Finance from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Needham & Company LLC initiated coverage on Better Home & Finance in a research report on Monday. They issued a “buy” rating and a $53.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.50.

Institutional Trading of Better Home & Finance

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the second quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Better Home & Finance during the third quarter worth $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance in the 3rd quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Better Home & Finance in the 2nd quarter valued at $33,000. Finally, CWM LLC acquired a new position in Better Home & Finance in the 3rd quarter worth $42,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.