Better Home & Finance (NASDAQ:BETR) Director Hugh Frater Acquires 5,150 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) Director Hugh Frater purchased 5,150 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director directly owned 6,326 shares in the company, valued at approximately $153,974.84. The trade was a 437.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Better Home & Finance Stock Up 1.6%

NASDAQ:BETR opened at $24.10 on Friday. The firm has a market capitalization of $454.77 million, a price-to-earnings ratio of -2.05 and a beta of 1.69. Better Home & Finance Holding Company has a twelve month low of $11.90 and a twelve month high of $94.06. The stock’s 50 day moving average price is $33.15 and its two-hundred day moving average price is $34.31.

Wall Street Analyst Weigh In

Several research firms have weighed in on BETR. Needham & Company LLC began coverage on Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new position in shares of Better Home & Finance during the 4th quarter worth approximately $1,819,000. UBS Group AG increased its holdings in shares of Better Home & Finance by 49.7% during the 4th quarter. UBS Group AG now owns 82,409 shares of the company’s stock worth $2,685,000 after acquiring an additional 27,356 shares during the last quarter. Activest Wealth Management acquired a new position in shares of Better Home & Finance during the 4th quarter worth approximately $59,000. FNY Investment Advisers LLC acquired a new position in shares of Better Home & Finance during the 3rd quarter worth approximately $29,000. Finally, Solstein Capital LLC increased its holdings in shares of Better Home & Finance by 42.6% during the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after acquiring an additional 661 shares during the last quarter. 20.94% of the stock is owned by institutional investors and hedge funds.

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.