Better Home & Finance (NASDAQ:BETR) Stock Price Up 12.6% – Should You Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) shares rose 12.6% during mid-day trading on Monday . The company traded as high as $26.54 and last traded at $26.47. Approximately 128,472 shares traded hands during trading, a decline of 71% from the average daily volume of 439,474 shares. The stock had previously closed at $23.50.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BETR shares. Roth Capital began coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. BTIG Research started coverage on Better Home & Finance in a research report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price objective for the company. Wall Street Zen downgraded Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday. Canaccord Genuity Group began coverage on Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.33.

Better Home & Finance Trading Up 14.5%

The stock has a market cap of $507.79 million, a price-to-earnings ratio of -2.29 and a beta of 1.74. The firm’s 50 day moving average is $25.73 and its two-hundred day moving average is $30.55.

Insider Activity

In other news, Director Hugh R. Frater bought 5,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the transaction, the director owned 6,326 shares in the company, valued at $153,974.84. The trade was a 437.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Chad M. Smith sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $30.16, for a total transaction of $74,042.80. Following the sale, the chief operating officer owned 21,061 shares in the company, valued at approximately $635,199.76. This trade represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 51,433 shares of company stock valued at $1,334,148. 27.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Better Home & Finance by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after purchasing an additional 548 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Better Home & Finance in the third quarter valued at $31,000. BNP Paribas Financial Markets increased its stake in Better Home & Finance by 15.3% in the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after purchasing an additional 894 shares during the last quarter. Rhumbline Advisers increased its stake in Better Home & Finance by 17.8% in the third quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock valued at $339,000 after purchasing an additional 914 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Better Home & Finance by 10.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock worth $340,000 after buying an additional 987 shares during the period. Hedge funds and other institutional investors own 20.94% of the company’s stock.

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.