Mangrove Partners IM LLC bought a new stake in Better Home & Finance Holding Company (NASDAQ:BETR – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,132 shares of the company’s stock, valued at approximately $623,000.
Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Better Home & Finance in the 3rd quarter valued at approximately $29,000. JPMorgan Chase & Co. acquired a new stake in Better Home & Finance in the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance in the 3rd quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance during the 2nd quarter valued at $33,000. Finally, Activest Wealth Management bought a new position in Better Home & Finance during the 4th quarter valued at $59,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BETR has been the subject of a number of research reports. Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Needham & Company LLC initiated coverage on Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. BTIG Research initiated coverage on Better Home & Finance in a research note on Tuesday. They set a “buy” rating and a $36.00 price target for the company. Finally, Roth Mkm initiated coverage on Better Home & Finance in a research note on Monday. They set a “buy” rating and a $35.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $41.00.
Better Home & Finance Stock Performance
Shares of NASDAQ BETR opened at $29.25 on Wednesday. The stock has a fifty day moving average price of $32.64 and a two-hundred day moving average price of $33.93. The firm has a market cap of $551.95 million, a P/E ratio of -2.49 and a beta of 1.69. Better Home & Finance Holding Company has a 1 year low of $11.90 and a 1 year high of $94.06.
Insider Buying and Selling at Better Home & Finance
In related news, CEO Vishal Garg acquired 15,600 shares of Better Home & Finance stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $25.00 per share, with a total value of $390,000.00. Following the purchase, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harit Talwar acquired 5,000 shares of Better Home & Finance stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $25.34 per share, with a total value of $126,700.00. Following the completion of the purchase, the director owned 44,698 shares in the company, valued at approximately $1,132,647.32. This represents a 12.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 234,234 shares of company stock worth $6,980,039. 27.72% of the stock is owned by insiders.
Better Home & Finance 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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