Key Points
- Better Home & Finance CFO Loveen Advani bought 400 shares on May 12 for $12,220, increasing his direct ownership to 510 shares. The purchase followed two smaller insider buys earlier in May and April.
- The stock closed at $29.00, well below its 50-day average of $35.71 and 200-day average of $39.73, with a 1-year range of $10.81 to $94.06. BETR has a market cap of about $477 million and a beta of 1.83.
- Analyst opinions remain mixed: Needham has a buy rating with a $53 target, while Wall Street Zen and Weiss Ratings are bearish. MarketBeat shows an average rating of Moderate Buy with a consensus price target of $46.50.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CFO Loveen Advani bought 400 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $30.55 per share, with a total value of $12,220.00. Following the completion of the transaction, the chief financial officer directly owned 510 shares of the company's stock, valued at approximately $15,580.50. The trade was a 363.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Loveen Advani also recently made the following trade(s):
- On Monday, May 11th, Loveen Advani bought 100 shares of Better Home & Finance stock. The stock was purchased at an average cost of $31.25 per share, with a total value of $3,125.00.
- On Wednesday, April 8th, Loveen Advani bought 10 shares of Better Home & Finance stock. The stock was purchased at an average cost of $35.50 per share, with a total value of $355.00.
Better Home & Finance Price Performance
NASDAQ:BETR opened at $29.00 on Thursday. The business has a fifty day simple moving average of $35.71 and a two-hundred day simple moving average of $39.73. Better Home & Finance Holding Company has a 1 year low of $10.81 and a 1 year high of $94.06. The company has a market capitalization of $477.05 million, a P/E ratio of -2.46 and a beta of 1.83.
Analysts Set New Price Targets
A number of research firms have issued reports on BETR. Wall Street Zen downgraded Better Home & Finance from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Needham & Company LLC began coverage on Better Home & Finance in a research report on Monday, May 4th. They issued a "buy" rating and a $53.00 target price for the company. Cantor Fitzgerald raised Better Home & Finance to a "strong-buy" rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Better Home & Finance in a research report on Monday, April 20th. One equities research 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 MarketBeat, Better Home & Finance currently has an average rating of "Moderate Buy" and a consensus target price of $46.50.
Check Out Our Latest Stock Analysis on BETR
Hedge Funds Weigh In On Better Home & Finance
Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in shares of Better Home & Finance in the third quarter valued at $29,000. Russell Investments Group Ltd. purchased a new position in shares of Better Home & Finance in the third quarter valued at $31,000. CWM LLC purchased a new position in shares of Better Home & Finance in the third quarter valued at $42,000. Activest Wealth Management purchased a new position in shares of Better Home & Finance in the fourth quarter valued at $59,000. Finally, Solstein Capital LLC grew its position in shares of Better Home & Finance by 42.6% in the third quarter. Solstein Capital LLC now owns 2,214 shares of the company's stock valued at $124,000 after purchasing an additional 661 shares in the last quarter. 20.94% of the stock is currently owned by hedge funds and other 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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