Better Home & Finance (NASDAQ:BETR) Director Acquires $91,290.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) Director Harit Talwar purchased 3,000 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $30.43 per share, for a total transaction of $91,290.00. Following the acquisition, the director directly owned 39,698 shares of the company’s stock, valued at $1,208,010.14. This represents a 8.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Harit Talwar also recently made the following trade(s):

• On Thursday, April 9th, Harit Talwar acquired 5,000 shares of Better Home & Finance stock. The stock was acquired at an average cost of $32.89 per share, with a total value of $164,450.00.
• On Wednesday, April 8th, Harit Talwar acquired 1,000 shares of Better Home & Finance stock. The shares were acquired at an average price of $33.34 per share, with a total value of $33,340.00.
• On Thursday, April 2nd, Harit Talwar bought 5,000 shares of Better Home & Finance stock. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $176,200.00.

Better Home & Finance Price Performance

Shares of BETR opened at $29.00 on Thursday. The business’s 50-day moving average is $35.71 and its 200-day moving average is $39.73. The company has a market capitalization of $477.05 million, a price-to-earnings ratio of -2.46 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.

Wall Street Analyst Weigh In

BETR has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on shares of Better Home & Finance in a research report on Monday, May 4th. They issued a “buy” rating and a $53.00 target price for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Wall Street Zen lowered Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Institutional Trading of Better Home & Finance

A number of institutional investors have recently added to or reduced their stakes in BETR. Goldman Sachs Group Inc. grew its position in Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after acquiring an additional 8,924 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Better Home & Finance during the 2nd quarter valued at $29,000. XTX Topco Ltd bought a new position in shares of Better Home & Finance during the 2nd quarter valued at $197,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Better Home & Finance in the 2nd quarter valued at $100,000. 20.94% of the stock is currently 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.