Better Home & Finance (NASDAQ:BETR) CFO Loveen Advani Acquires 400 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CFO Loveen Advani acquired 400 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $30.55 per share, for a total transaction of $12,220.00. Following the purchase, the chief financial officer directly owned 510 shares of the company’s stock, valued at approximately $15,580.50. This trade represents a 363.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Loveen Advani also recently made the following trade(s):

• On Monday, May 11th, Loveen Advani bought 100 shares of Better Home & Finance stock. The shares were acquired at an average cost of $31.25 per share, for a total transaction of $3,125.00.
• On Wednesday, April 8th, Loveen Advani purchased 10 shares of Better Home & Finance stock. The stock was acquired at an average price of $35.50 per share, for a total transaction of $355.00.

Better Home & Finance Price Performance

Better Home & Finance stock traded down $1.38 during mid-day trading on Wednesday, hitting $29.00. 453,564 shares of the company’s stock traded hands, compared to its average volume of 509,704. Better Home & Finance Holding Company has a fifty-two week low of $10.81 and a fifty-two week high of $94.06. The stock has a market cap of $477.05 million, a price-to-earnings ratio of -2.46 and a beta of 1.83. The firm has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $40.13.

Analysts Set New Price Targets

A number of brokerages recently commented on BETR. Wall Street Zen lowered shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC initiated coverage on Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Better Home & Finance in the 3rd quarter worth about $29,000. Russell Investments Group Ltd. bought a new position in shares of Better Home & Finance during the third quarter worth approximately $31,000. CWM LLC acquired a new stake in shares of Better Home & Finance in the third quarter valued at approximately $42,000. Activest Wealth Management acquired a new stake in shares of Better Home & Finance in the fourth quarter valued at approximately $59,000. Finally, Solstein Capital LLC boosted its stake in shares of Better Home & Finance by 42.6% in the third quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock valued at $124,000 after buying an additional 661 shares during the period. 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.