Better Home & Finance Holding Company (NASDAQ:BETR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $28.1667.

BETR has been the topic of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Better Home & Finance in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Friday, July 17th. Zacks Research upgraded shares of Better Home & Finance to a “hold” rating in a research note on Wednesday, July 29th. Needham & Company LLC cut their price target on shares of Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Roth Capital set a $25.00 price target on shares of Better Home & Finance in a report on Thursday, August 13th.

Better Home & Finance Price Performance

BETR opened at $12.30 on Friday. The business’s 50-day moving average is $20.13 and its two-hundred day moving average is $27.93. Better Home & Finance has a 1 year low of $11.11 and a 1 year high of $94.06. The firm has a market capitalization of $233.69 million, a PE ratio of -1.12 and a beta of 1.69.

Better Home & Finance (NASDAQ:BETR) last announced its earnings results on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%.The firm had revenue of $54.70 million during the quarter. As a group, sell-side analysts expect that Better Home & Finance will post -6.56 EPS for the current year.

Insiders Place Their Bets

In other Better Home & Finance news, Director Hugh R. Frater acquired 5,150 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $24.34 per share, with a total value of $125,351.00. Following the transaction, the director directly owned 6,326 shares of the company’s stock, valued at $153,974.84. This trade represents a 437.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad M. Smith sold 3,307 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total value of $42,494.95. Following the transaction, the insider owned 1,693 shares in the company, valued at approximately $21,755.05. This trade represents a 66.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 27.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Better Home & Finance

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance during the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $33,000. Activest Wealth Management acquired a new stake in Better Home & Finance during the fourth quarter valued at $59,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $72,000. 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.