Hugh Frater Acquires 5,150 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) Director Hugh Frater bought 5,150 shares of Better Home & Finance stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director directly owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This trade represents a 437.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Better Home & Finance Stock Up 10.0%

NASDAQ:BETR opened at $26.51 on Friday. Better Home & Finance Holding Company has a 52 week low of $11.90 and a 52 week high of $94.06. The company has a market capitalization of $500.24 million, a P/E ratio of -2.25 and a beta of 1.69. The stock’s fifty day moving average is $32.99 and its two-hundred day moving average is $34.26.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BETR shares. Needham & Company LLC started coverage on Better Home & Finance in a research report on Monday, May 4th. They issued a “buy” rating and a $53.00 target price on the stock. Wall Street Zen downgraded Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, Better Home & Finance presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Better Home & Finance in the 3rd quarter valued at $29,000. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new stake in shares of Better Home & Finance in the 3rd quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Better Home & Finance in the 2nd quarter valued at $33,000. Finally, Activest Wealth Management purchased a new stake in shares of Better Home & Finance in the 4th quarter valued at $59,000. Hedge funds and other 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.