Shares of Better Home & Finance Holding Company (NASDAQ:BETR – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $40.6667.
A number of research firms have issued reports on BETR. Canaccord Genuity Group assumed coverage on shares of Better Home & Finance in a research report on Thursday, June 18th. They issued a “buy” rating and a $42.00 target price for the company. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Northland Securities upgraded Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Thursday, July 9th. Finally, Needham & Company LLC started coverage on Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price objective for the company.
Get Our Latest Report on Better Home & Finance
Better Home & Finance Stock Performance
Insider Transactions at Better Home & Finance
In other news, CEO Vishal Garg acquired 15,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the acquisition, the chief executive officer owned 118,260 shares of the company’s stock, valued at approximately $2,956,500. This represents a 15.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hugh R. Frater acquired 5,150 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This represents a 437.93% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 51,433 shares of company stock valued at $1,334,148. 27.72% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Better Home & Finance
Several institutional investors and hedge funds have recently added to or reduced their stakes in BETR. FNY Investment Advisers LLC bought a new stake in shares of Better Home & Finance in the third quarter valued at approximately $29,000. Bank of New York Mellon Corp raised its stake in Better Home & Finance by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock valued at $495,000 after purchasing an additional 548 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Better Home & Finance during the 3rd quarter valued at $31,000. BNP Paribas Financial Markets boosted its holdings in Better Home & Finance by 15.3% in 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 period. Finally, Rhumbline Advisers lifted its stake in shares of 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 buying an additional 914 shares during the period. 20.94% of the stock is currently 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.
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