Vishal Garg Purchases 15,600 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg purchased 15,600 shares of the stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $24.87 per share, with a total value of $387,972.00. Following the completion of the purchase, the chief executive officer directly owned 87,060 shares of the company’s stock, valued at $2,165,182.20. The trade was a 21.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishal Garg also recently made the following trade(s):

• On Thursday, May 7th, Vishal Garg purchased 6,583 shares of Better Home & Finance stock. The stock was acquired at an average cost of $30.00 per share, with a total value of $197,490.00.
• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The stock was acquired at an average cost of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg purchased 2,217 shares of Better Home & Finance stock. The stock was acquired at an average cost of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg purchased 10,600 shares of Better Home & Finance stock. The stock was acquired at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Stock Up 0.8%

Better Home & Finance stock opened at $25.26 on Wednesday. The company has a market capitalization of $415.53 million, a PE ratio of -2.15 and a beta of 1.83. The firm has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $38.28. Better Home & Finance Holding Company has a twelve month low of $10.81 and a twelve month high of $94.06.

Hedge Funds Weigh In On Better Home & Finance

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stoic Point Capital Management LLC purchased a new position in shares of Better Home & Finance during the first quarter valued at about $467,000. Royal Bank of Canada increased its position in shares of Better Home & Finance by 1,264.0% during the first quarter. Royal Bank of Canada now owns 2,728 shares of the company’s stock valued at $97,000 after buying an additional 2,528 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Better Home & Finance during the first quarter valued at about $505,000. Walleye Capital LLC purchased a new position in shares of Better Home & Finance during the first quarter valued at about $262,000. Finally, Bank of New York Mellon Corp increased its position in shares of 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 valued at $495,000 after buying an additional 548 shares during the period. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of 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. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday. Finally, Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research report on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.