Better Home & Finance (NASDAQ:BETR) Trading Up 8.3% – What’s Next?

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price rose 8.3% during mid-day trading on Wednesday . The stock traded as high as $29.33 and last traded at $29.7950. Approximately 23,569 shares changed hands during trading, a decline of 95% from the average daily volume of 470,507 shares. The stock had previously closed at $27.50.

Analyst Upgrades and Downgrades

BETR has been the topic of several research analyst reports. Wall Street Zen raised Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Roth Mkm assumed coverage on shares of Better Home & Finance in a research note on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. Needham & Company LLC began coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, BTIG Research assumed coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Better Home & Finance Trading Up 13.3%

The business’s fifty day moving average price is $30.56 and its 200 day moving average price is $32.52. The firm has a market capitalization of $587.78 million, a price-to-earnings ratio of -2.62 and a beta of 1.69.

Insider Buying and Selling at Better Home & Finance

In related news, Director Hugh R. Frater purchased 5,150 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, with a total value of $125,351.00. Following the completion of the acquisition, the director directly owned 6,326 shares in the company, valued at $153,974.84. This represents a 437.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $32.96 per share, for a total transaction of $1,792,496.64. Following the transaction, the insider directly owned 1,006,696 shares in the company, valued at $33,180,700.16. This trade represents a 5.71% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 128,417 shares of company stock valued at $3,907,716. Corporate insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Better Home & Finance in the 3rd quarter worth $29,000. JPMorgan Chase & Co. purchased a new position in Better Home & Finance during the second quarter worth about $29,000. Russell Investments Group Ltd. purchased a new position in Better Home & Finance during the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Better Home & Finance in the second quarter valued at about $33,000. Finally, Activest Wealth Management purchased a new stake in Better Home & Finance in the 4th quarter valued at approximately $59,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.