BTIG Research Upgrades Better Home & Finance (NASDAQ:BETR) to Strong-Buy

Better Home & Finance (NASDAQ:BETR) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

BETR has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Roth Mkm assumed coverage on shares of Better Home & Finance in a research note on Monday. They set a “buy” rating and a $35.00 price objective on the stock. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Finally, Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 price objective on the stock. Three investment analysts have 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 company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $41.00.

Better Home & Finance Price Performance

Shares of NASDAQ BETR opened at $29.25 on Tuesday. The stock has a market capitalization of $551.95 million, a price-to-earnings ratio of -2.49 and a beta of 1.69. Better Home & Finance has a 12 month low of $11.90 and a 12 month high of $94.06. The firm’s 50 day simple moving average is $32.64 and its 200-day simple moving average is $33.93.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, Director Hugh R. Frater bought 5,150 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased 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 represents a 437.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Chad M. Smith sold 2,455 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $30.16, for a total value of $74,042.80. Following the transaction, the chief operating officer owned 21,061 shares in the company, valued at $635,199.76. This trade represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 234,234 shares of company stock worth $6,980,039. 27.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stoic Point Capital Management LLC purchased a new position in shares of Better Home & Finance during the 1st quarter valued at approximately $467,000. Royal Bank of Canada lifted its position in shares of Better Home & Finance by 1,264.0% during the 1st 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 in the last quarter. Quantinno Capital Management LP purchased a new position in shares of Better Home & Finance during the 1st quarter valued at approximately $505,000. Walleye Capital LLC purchased a new position in shares of Better Home & Finance during the 1st quarter valued at approximately $262,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Better Home & Finance by 4.1% during the 1st 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. 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.