Insider Buying: Better Home & Finance (NASDAQ:BETR) CFO Acquires $12,220.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CFO Loveen Advani bought 400 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $30.55 per share, with a total value of $12,220.00. Following the acquisition, the chief financial officer owned 510 shares in the company, valued at approximately $15,580.50. This represents a 363.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Loveen Advani also recently made the following trade(s):

• On Monday, May 11th, Loveen Advani bought 100 shares of Better Home & Finance stock. The shares were purchased at an average price of $31.25 per share, with a total value of $3,125.00.
• On Wednesday, April 8th, Loveen Advani bought 10 shares of Better Home & Finance stock. The shares were purchased at an average price of $35.50 per share, with a total value of $355.00.

Better Home & Finance Trading Down 7.2%

BETR stock opened at $27.00 on Friday. The stock has a 50-day moving average price of $35.54 and a two-hundred day moving average price of $39.28. The stock has a market cap of $444.15 million, a PE ratio of -2.29 and a beta of 1.83. Better Home & Finance Holding Company has a 1 year low of $10.81 and a 1 year high of $94.06.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently modified their holdings of the stock. Comerica Bank bought a new position in shares of Better Home & Finance in the 4th quarter valued at about $1,819,000. Penserra Capital Management LLC bought a new position in Better Home & Finance during the third quarter worth about $1,647,000. CWM LLC bought a new position in Better Home & Finance during the third quarter worth about $42,000. Bank of New York Mellon Corp grew its holdings 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 worth $495,000 after purchasing an additional 548 shares during the period. Finally, Walleye Capital LLC bought a new position in Better Home & Finance during the first quarter worth about $262,000. Institutional investors own 20.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BETR. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, Needham & Company LLC assumed coverage on Better Home & Finance in a report on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Better Home & Finance currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

About Better Home & Finance

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.