Better Home & Finance Holding Company (NASDAQ:BETR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.3333.

Several equities research analysts recently weighed in on BETR shares. Roth Capital began coverage on shares of Better Home & Finance in a research report on Monday, June 15th. They set a “buy” rating and a $35.00 price objective for the company. Zacks Research upgraded shares of Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 price target on shares of Better Home & Finance in a report on Monday, July 20th. BTIG Research initiated coverage on shares of Better Home & Finance in a research report on Tuesday, June 16th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Canaccord Genuity Group started coverage on shares of Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 price objective on the stock.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $27.30 on Tuesday. The stock has a market capitalization of $515.15 million, a P/E ratio of -2.32 and a beta of 1.74. The stock’s fifty day moving average is $25.76 and its 200 day moving average is $30.47. Better Home & Finance has a 52 week low of $12.74 and a 52 week high of $94.06.

Insiders Place Their Bets

In other Better Home & Finance news, Director Harit Talwar purchased 5,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $25.34 per share, with a total value of $126,700.00. Following the acquisition, the director owned 44,698 shares of the company’s stock, valued at approximately $1,132,647.32. This represents a 12.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vishal Garg purchased 15,600 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $25.00 per share, with a total value of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. This represents a 15.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 51,433 shares of company stock valued at $1,334,148 over the last ninety days. Company insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the second quarter valued at about $29,000. Russell Investments Group Ltd. bought a new position in shares of Better Home & Finance in the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Better Home & Finance in the second quarter worth about $33,000. Activest Wealth Management acquired a new stake in shares of Better Home & Finance in the 4th quarter valued at approximately $59,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Better Home & Finance in the 2nd quarter valued at approximately $72,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.