Better Home & Finance (NASDAQ:BETR) Trading 5.1% Higher – Time to Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) shares traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $42.43 and last traded at $42.7250. 94,225 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 482,389 shares. The stock had previously closed at $40.66.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BETR shares. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded Better Home & Finance from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.00.

Better Home & Finance Stock Up 5.1%

The company has a market cap of $676.59 million, a P/E ratio of -3.80 and a beta of 1.91. The business has a 50-day moving average price of $35.31 and a two-hundred day moving average price of $41.63.

Insider Buying and Selling

In related news, CTO Jonsson Sigurgeir Orn acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of $36.09 per share, for a total transaction of $36,090.00. Following the completion of the acquisition, the chief technology officer owned 3,497 shares of the company’s stock, valued at $126,206.73. This trade represents a 40.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harit Talwar acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average price of $32.89 per share, with a total value of $164,450.00. Following the acquisition, the director directly owned 36,698 shares of the company’s stock, valued at $1,206,997.22. The trade was a 15.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 268,893 shares of company stock worth $8,603,664 and have sold 24,112 shares worth $695,807. 23.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in Better Home & Finance in the third quarter valued at about $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance in the third quarter valued at about $31,000. Solstein Capital LLC increased its holdings in Better Home & Finance by 42.6% in the third 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. CWM LLC bought a new stake in Better Home & Finance in the third quarter valued at about $42,000. Finally, BNP Paribas Financial Markets increased its holdings in Better Home & Finance by 15.3% in the third 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. 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.