Key Points
- Vishal Garg, CEO of Better Home & Finance, purchased 6,583 shares on May 7 at an average of $30.00 under a pre-arranged Rule 10b5-1 plan, bringing his direct holdings to 71,460 shares (valued at about $2.14M) — a 10.15% increase in his stake.
- Garg has made several recent insider buys (10,600 shares on Mar 23 at $29.49; 2,217 on Mar 25 at $29.90; 10,000 on Apr 8 at $35.05), signaling continued insider accumulation of BETR stock.
- BETR is trading near $30.52 and is down about 28.5%, with mixed analyst coverage — an average rating of “Moderate Buy” and an average price target of $46.50.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CEO Vishal Garg acquired 6,583 shares of Better Home & Finance stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $30.00 per share, with a total value of $197,490.00. Following the completion of the transaction, the chief executive officer directly owned 71,460 shares of the company's stock, valued at $2,143,800. This trade represents a 10.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vishal Garg also recently made the following trade(s):
- On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The shares were purchased at an average cost of $35.05 per share, with a total value of $350,500.00.
- On Wednesday, March 25th, Vishal Garg acquired 2,217 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.90 per share, for a total transaction of $66,288.30.
- On Monday, March 23rd, Vishal Garg bought 10,600 shares of Better Home & Finance stock. The shares were acquired at an average price of $29.49 per share, with a total value of $312,594.00.
Better Home & Finance Trading Down 28.5%
Shares of BETR stock opened at $30.52 on Friday. The firm's fifty day moving average price is $35.94 and its two-hundred day moving average price is $41.05. Better Home & Finance Holding Company has a 1 year low of $10.81 and a 1 year high of $94.06. The firm has a market capitalization of $502.05 million, a P/E ratio of -2.82 and a beta of 1.83.
Analysts Set New Price Targets
BETR has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a report on Monday, April 20th. Needham & Company LLC began coverage on Better Home & Finance in a research note on Monday. They issued a "buy" rating and a $53.00 price target for the company. Wall Street Zen raised Better Home & Finance from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Finally, Cantor Fitzgerald upgraded Better Home & Finance to a "strong-buy" rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Better Home & Finance presently has an average rating of "Moderate Buy" and an average target price of $46.50.
Read Our Latest Stock Analysis on BETR
Hedge Funds Weigh In On Better Home & Finance
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in shares of Better Home & Finance in the third quarter valued at about $29,000. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance during the 3rd quarter worth about $31,000. CWM LLC acquired a new position in Better Home & Finance in the 3rd quarter valued at about $42,000. Activest Wealth Management bought a new position in Better Home & Finance in the 4th quarter valued at about $59,000. Finally, Solstein Capital LLC raised its holdings in Better Home & Finance by 42.6% in the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company's stock valued at $124,000 after acquiring an additional 661 shares during the period. 20.94% of the stock is owned by institutional investors.
Better Home & Finance Company Profile
(
Get Free Report)
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.
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