Better Home & Finance (NASDAQ:BETR) Rating Increased to Hold at Zacks Research

Better Home & Finance (NASDAQ:BETR) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 price objective on shares of Better Home & Finance in a research report on Monday, July 20th. Needham & Company LLC reduced their target price on shares of Better Home & Finance from $53.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 24th. 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 note on Thursday, July 9th. Canaccord Genuity Group initiated coverage on shares of Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.33.

Better Home & Finance Trading Up 2.6%

Shares of NASDAQ BETR opened at $21.28 on Wednesday. The firm has a market cap of $401.55 million, a P/E ratio of -1.81 and a beta of 1.71. The business’s 50 day moving average is $25.77 and its 200-day moving average is $30.65. Better Home & Finance has a 1-year low of $12.57 and a 1-year high of $94.06.

Insider Activity

In other news, COO Chad M. Smith sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $30.16, for a total transaction of $74,042.80. Following the completion of the sale, the chief operating officer owned 21,061 shares of the company’s stock, valued at approximately $635,199.76. This represents a 10.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harit Talwar purchased 5,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $25.34 per share, with a total value of $126,700.00. Following the acquisition, the director owned 44,698 shares in the company, valued at $1,132,647.32. This trade represents a 12.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 51,433 shares of company stock valued at $1,334,148. Corporate insiders own 27.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Better Home & Finance by 1.6% during the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock worth $22,394,000 after purchasing an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Better Home & Finance by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock valued at $4,927,000 after purchasing an additional 11,922 shares in the last quarter. State Street Corp increased its stake in shares of Better Home & Finance by 14.2% in the 4th quarter. State Street Corp now owns 116,597 shares of the company’s stock valued at $3,799,000 after purchasing an additional 14,540 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after purchasing an additional 54,113 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.