Better Home & Finance (NASDAQ:BETR) Director Purchases $125,351.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR – Get Free Report) Director Hugh Frater bought 5,150 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired 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 in the company, valued at approximately $153,974.84. This represents a 437.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Better Home & Finance Trading Up 10.0%

Shares of BETR stock opened at $26.51 on Friday. Better Home & Finance Holding Company has a 12 month low of $11.90 and a 12 month high of $94.06. The stock has a market cap of $500.24 million, a PE ratio of -2.25 and a beta of 1.69. The company’s fifty day moving average price is $32.99 and its 200-day moving average price is $34.26.

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Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds have recently bought and sold shares of BETR. Goldman Sachs Group Inc. boosted its stake in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC raised its position in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after buying an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Better Home & Finance in the 2nd quarter worth about $29,000. XTX Topco Ltd purchased a new position in Better Home & Finance in the 2nd quarter worth about $197,000. Finally, New York State Common Retirement Fund purchased a new position in Better Home & Finance in the 2nd quarter worth about $100,000. Institutional investors own 20.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BETR shares. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, Needham & Company LLC initiated 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.50.

Check Out Our Latest Stock Analysis on Better Home & Finance

Better Home & Finance Company Profile

(Get Free Report)

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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