Better Home & Finance (NASDAQ:BETR) Stock Rating Raised to “Overweight” at Cantor Fitzgerald

Better Home & Finance (NASDAQ:BETR) was upgraded by analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm presently has a $16.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 36.40% from the company’s previous close.

Several other equities analysts also recently commented on BETR. CLSA raised shares of Better Home & Finance to a “buy” rating in a research note on Wednesday, September 9th. Northland Securities raised shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Thursday, July 9th. BTIG Research dropped their price target on shares of Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Needham & Company LLC lowered their target price on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.86.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR traded up $0.54 during trading hours on Friday, hitting $11.73. 819,137 shares of the stock were exchanged, compared to its average volume of 512,833. The company has a market cap of $222.87 million, a PE ratio of -1.06 and a beta of 1.73. The company’s fifty day simple moving average is $14.60 and its two-hundred day simple moving average is $24.91. Better Home & Finance has a 1-year low of $9.81 and a 1-year high of $92.69.

Better Home & Finance (NASDAQ:BETR) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The company had revenue of $54.70 million during the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. As a group, sell-side analysts expect that Better Home & Finance will post -7.98 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Paula Tuffin sold 3,108 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $12.36, for a total value of $38,414.88. Following the transaction, the general counsel owned 40,931 shares of the company’s stock, valued at $505,907.16. This represents a 7.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Chad Smith sold 3,307 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total transaction of $42,494.95. Following the completion of the transaction, the insider directly owned 1,693 shares in the company, valued at $21,755.05. The trade was a 66.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 27.72% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Better Home & Finance by 1,264.0% in the 1st quarter. Royal Bank of Canada now owns 2,728 shares of the company’s stock worth $97,000 after purchasing an additional 2,528 shares during the period. Walleye Capital LLC purchased a new position in Better Home & Finance during the 1st quarter valued at about $262,000. Alpine Global Management LLC purchased a new position in Better Home & Finance during the 4th quarter valued at about $456,000. Stoic Point Capital Management LLC purchased a new position in Better Home & Finance during the 1st quarter valued at about $467,000. Finally, Bank of New York Mellon Corp lifted its position in Better Home & Finance by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock valued at $495,000 after acquiring an additional 548 shares during the period. Hedge funds and other institutional investors own 20.94% of the company’s stock.

More Better Home & Finance News

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Garg Group appears to have secured majority support to change the board. An independent election inspector preliminarily verified that the group received more than 52% of the votes needed to forcibly remove five directors, including Daniel Lewis and Harit Talwar. The count remains subject to review by Better. The result could give former CEO Vishal Garg’s group greater control over the company’s strategy and governance. Independent Inspector preliminary board vote report
• Positive Sentiment: Cantor Fitzgerald upgraded BETR to “overweight” and set a $16 price target. The target implies substantial potential upside from recent trading levels and may attract buyers, although the upgrade is only one analyst’s view and does not resolve the company’s operating challenges.
• Neutral Sentiment: The board dispute remains unresolved. While the preliminary vote count favors the Garg Group, the company still must review the inspector’s results. Continued uncertainty over board composition and strategic direction could contribute to elevated volatility.
• Negative Sentiment: Several law firms are promoting securities-fraud class actions against Better Home & Finance. The complaints generally allege that the company misled investors about business prospects, including its $1 billion monthly loan-volume target, before later deferring that goal. Lead-plaintiff motions are due November 20, 2026. The litigation creates legal costs, reputational risk and uncertainty around potential damages. SBS securities-fraud lawsuit notice
• Negative Sentiment: Underlying financial metrics remain weak. Better recently reported a quarterly loss that missed expectations, negative margins and heavily negative return on equity. BETR also trades well below its moving averages and near its yearly low, reinforcing concerns about execution and financial stability.

About Better Home & Finance

Better Home & Finance Holding Company is a technology-driven homeownership platform that provides digital products and services intended to simplify the process of buying, financing and owning a home. Its platform connects consumers with mortgage lending, real estate and related homeownership services through an online experience.

The company’s primary business is Better Mortgage, which offers residential home loans, including purchase mortgages and refinancing products. Better also operates services focused on real estate transactions and settlement, including Better Real Estate and Better Settlement Services.