Better Home & Finance (NASDAQ:BETR) Raised to Sell at Wall Street Zen

Better Home & Finance (NASDAQ:BETR) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently commented on the stock. Zacks Research upgraded shares of Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Northland Securities upgraded shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Thursday, July 9th. Cantor Fitzgerald cut shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $16.00 in a research note on Thursday. BTIG Research dropped their price objective on shares of Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price objective on shares of Better Home & Finance in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Better Home & Finance Price Performance

Shares of BETR opened at $13.73 on Friday. Better Home & Finance has a 52-week low of $13.46 and a 52-week high of $94.06. The firm’s fifty day moving average is $23.70 and its two-hundred day moving average is $29.38. The stock has a market cap of $259.09 million, a PE ratio of -1.25 and a beta of 1.74.

Insider Buying and Selling at Better Home & Finance

In related news, CEO Vishal Garg purchased 15,600 shares of Better Home & Finance stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at approximately $2,956,500. The trade was a 15.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harit Talwar purchased 5,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $25.34 per share, for a total transaction of $126,700.00. Following the transaction, the director owned 44,698 shares in the company, valued at approximately $1,132,647.32. The trade was a 12.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 25,750 shares of company stock worth $642,051 in the last three months. 27.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Better Home & Finance

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake 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. Russell Investments Group Ltd. purchased a new stake in shares of Better Home & Finance in the 3rd quarter valued at approximately $31,000. BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 894 shares during the period. Rhumbline Advisers grew its stake in shares of Better Home & Finance by 17.8% in the 3rd 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. Finally, Wells Fargo & Company MN increased its holdings in shares of Better Home & Finance by 10.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock worth $340,000 after buying an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 20.94% of the company’s stock.

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.