Better Home & Finance (NASDAQ:BETR) Major Shareholder Ventures Iv L.P. Framework Purchases 53,000 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework bought 53,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of $28.48 per share, for a total transaction of $1,509,440.00. Following the completion of the acquisition, the insider directly owned 912,312 shares of the company’s stock, valued at approximately $25,982,645.76. This trade represents a 6.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Iv L.P. Framework also recently made the following trade(s):

• On Monday, March 16th, Ventures Iv L.P. Framework purchased 25,000 shares of Better Home & Finance stock. The stock was bought at an average price of $29.55 per share, with a total value of $738,750.00.
• On Friday, March 13th, Ventures Iv L.P. Framework purchased 29,494 shares of Better Home & Finance stock. The shares were bought at an average cost of $34.12 per share, for a total transaction of $1,006,335.28.
• On Wednesday, March 11th, Ventures Iv L.P. Framework acquired 21,598 shares of Better Home & Finance stock. The shares were bought at an average price of $39.73 per share, for a total transaction of $858,088.54.
• On Monday, March 9th, Ventures Iv L.P. Framework acquired 10,000 shares of Better Home & Finance stock. The stock was bought at an average cost of $35.46 per share, with a total value of $354,600.00.

Better Home & Finance Stock Performance

NASDAQ:BETR opened at $28.99 on Friday. The company has a market cap of $455.14 million, a price-to-earnings ratio of -2.68 and a beta of 1.98. Better Home & Finance Holding Company has a fifty-two week low of $9.50 and a fifty-two week high of $94.06. The stock has a fifty day moving average price of $31.89 and a 200-day moving average price of $42.64.

Hedge Funds Weigh In On Better Home & Finance

Several hedge funds and other institutional investors have recently modified their holdings of BETR. JPMorgan Chase & Co. bought a new stake in shares of Better Home & Finance during the 2nd quarter worth $29,000. FNY Investment Advisers LLC bought a new position in Better Home & Finance in the third quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new position in Better Home & Finance during the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Better Home & Finance during the second quarter worth about $33,000. Finally, CWM LLC bought a new position in shares of Better Home & Finance in the third quarter worth about $42,000. Institutional investors own 20.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BETR. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings restated 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

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.