Better Home & Finance (NASDAQ:BETR) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Better Home & Finance (NASDAQ:BETR) from a sell rating to a strong sell rating in a report released on Sunday morning.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Needham & Company LLC initiated coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.50.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $27.00 on Friday. The stock has a market cap of $444.15 million, a P/E ratio of -2.29 and a beta of 1.83. The firm has a 50 day moving average price of $35.54 and a 200 day moving average price of $39.01. Better Home & Finance has a 52-week low of $10.81 and a 52-week high of $94.06.

Insider Buying and Selling

In related news, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the business’s stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $32.96 per share, with a total value of $1,792,496.64. Following the completion of the purchase, the insider owned 1,006,696 shares in the company, valued at $33,180,700.16. This represents a 5.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vishal Garg purchased 10,600 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $29.49 per share, for a total transaction of $312,594.00. Following the purchase, the chief executive officer owned 42,060 shares of the company’s stock, valued at approximately $1,240,349.40. This represents a 33.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 278,976 shares of company stock worth $8,907,789 and sold 13,396 shares worth $398,642. Insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in Better Home & Finance in the third quarter valued at approximately $29,000. Bank of New York Mellon Corp lifted its stake in Better Home & Finance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock valued at $495,000 after buying an additional 548 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance in the third quarter worth $31,000. Solstein Capital LLC lifted its position in shares of Better Home & Finance by 42.6% in the third quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of Better Home & Finance in the third quarter worth $42,000. 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.