Better Home & Finance (NASDAQ:BETR) Trading Up 9.1% – Time to Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) was up 9.1% during trading on Monday . The company traded as high as $34.88 and last traded at $34.71. Approximately 175,581 shares traded hands during trading, a decline of 58% from the average daily volume of 419,965 shares. The stock had previously closed at $31.81.

Analyst Upgrades and Downgrades

BETR has been the subject of a number of analyst reports. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Better Home & Finance Price Performance

The company has a market capitalization of $555.09 million, a P/E ratio of -2.89 and a beta of 1.98. The business has a 50-day moving average of $32.04 and a 200-day moving average of $42.10.

Insider Buying and Selling

In related news, General Counsel Paula Tuffin sold 8,018 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $28.67, for a total transaction of $229,876.06. Following the transaction, the general counsel directly owned 42,487 shares in the company, valued at approximately $1,218,102.29. The trade was a 15.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Chad M. Smith sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $30.07, for a total value of $180,420.00. Following the completion of the sale, the chief operating officer directly owned 15,590 shares of the company’s stock, valued at $468,791.30. This trade represents a 27.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,392 shares of company stock valued at $1,908,878 in the last three months. Insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BETR. Alpine Global Management LLC acquired a new position in shares of Better Home & Finance during the fourth quarter worth about $456,000. Engineers Gate Manager LP acquired a new stake in Better Home & Finance in the fourth quarter valued at $450,000. AQR Capital Management LLC increased its position in Better Home & Finance by 39.7% during the fourth quarter. AQR Capital Management LLC now owns 13,769 shares of the company’s stock worth $449,000 after buying an additional 3,913 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Better Home & Finance during the 4th quarter worth $2,457,000. Finally, California State Teachers Retirement System increased its holdings in shares of Better Home & Finance by 1,686.9% during the 4th quarter. California State Teachers Retirement System now owns 5,468 shares of the company’s stock worth $178,000 after buying an additional 5,162 shares during the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.