Roth Mkm upgraded shares of Better Home & Finance (NASDAQ:BETR – Free Report) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.
A number of other brokerages also recently commented on BETR. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Finally, Needham & Company LLC began coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.
Check Out Our Latest Report on BETR
Better Home & Finance Price Performance
Insider Buying and Selling
In other news, CEO Vishal Garg acquired 15,600 shares of Better Home & Finance stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $387,972.00. Following the purchase, the chief executive officer owned 87,060 shares in the company, valued at $2,165,182.20. This trade represents a 21.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh R. Frater purchased 5,150 shares of the business’s stock in a transaction dated 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 acquisition, the director owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. The trade was a 437.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 234,234 shares of company stock worth $6,980,039 in the last 90 days. 27.72% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Better Home & Finance in the third quarter worth $29,000. Bank of New York Mellon Corp grew its stake in 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 valued at $495,000 after acquiring an additional 548 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance in the 3rd quarter worth $31,000. Solstein Capital LLC boosted 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 valued at $124,000 after purchasing an additional 661 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Better Home & Finance by 15.3% during the 3rd 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. 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.
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