Northland Securities Upgrades Better Home & Finance (NASDAQ:BETR) to “Outperform”

Better Home & Finance (NASDAQ:BETR) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $38.00 price target on the stock. Northland Securities’ price objective would suggest a potential upside of 57.35% from the stock’s current price.

A number of other research firms have also recently weighed in on BETR. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. BTIG Research started coverage on shares of Better Home & Finance in a report on Tuesday, June 16th. They issued a “buy” rating and a $36.00 price target on the stock. Canaccord Genuity Group assumed coverage on Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 price objective on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, Roth Capital began coverage on Better Home & Finance in a research report on Monday, June 15th. They issued a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Better Home & Finance Stock Performance

Shares of NASDAQ:BETR opened at $24.15 on Thursday. The company has a market capitalization of $455.71 million, a P/E ratio of -2.05 and a beta of 1.71. The company’s 50-day moving average is $28.65 and its 200 day moving average is $32.03. Better Home & Finance has a fifty-two week low of $12.57 and a fifty-two week high of $94.06.

Insider Buying and Selling

In other Better Home & Finance news, Director Hugh R. Frater acquired 5,150 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $24.34 per share, with a total value of $125,351.00. Following the acquisition, the director owned 6,326 shares in the company, valued at approximately $153,974.84. This represents a 437.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vishal Garg acquired 15,600 shares of Better Home & Finance stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $25.00 per share, with a total value of $390,000.00. Following the completion of the purchase, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. This represents a 15.20% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 105,817 shares of company stock valued at $3,126,645. Corporate insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

A number of large investors have recently made changes to their positions in BETR. JPMorgan Chase & Co. purchased a new position in shares of Better Home & Finance in the second quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in Better Home & Finance during the 3rd quarter worth about $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance during the 3rd quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance in the 2nd quarter worth about $33,000. Finally, Activest Wealth Management bought a new position in Better Home & Finance in the 4th quarter worth about $59,000. 20.94% of the stock is owned by institutional investors.

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.