Key Points
- CEO Vishal Garg bought 15,600 shares of Better Home & Finance on May 20 at an average price of $25.00, totaling $390,000. The purchase lifted his direct holdings to 102,660 shares, a 17.92% increase in his position.
- Garg has been an active recent buyer, with additional purchases on May 18, May 7, April 8, March 25, and March 23. These transactions suggest continued insider confidence despite the stock’s recent weakness.
- BETR shares were down 3.6% and traded at $24.34, well below their 50-day and 200-day moving averages. Analysts are mixed, but the stock currently carries a Moderate Buy consensus target of $46.50.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CEO Vishal Garg acquired 15,600 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the purchase, the chief executive officer directly owned 102,660 shares of the company's stock, valued at $2,566,500. This trade represents a 17.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Vishal Garg also recently made the following trade(s):
- On Monday, May 18th, Vishal Garg acquired 15,600 shares of Better Home & Finance stock. The stock was acquired at an average price of $24.87 per share, for a total transaction of $387,972.00.
- On Thursday, May 7th, Vishal Garg acquired 6,583 shares of Better Home & Finance stock. The stock was acquired at an average price of $30.00 per share, for a total transaction of $197,490.00.
- On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The shares were purchased at an average price of $35.05 per share, for a total transaction of $350,500.00.
- On Wednesday, March 25th, Vishal Garg purchased 2,217 shares of Better Home & Finance stock. The shares were purchased at an average price of $29.90 per share, for a total transaction of $66,288.30.
- On Monday, March 23rd, Vishal Garg purchased 10,600 shares of Better Home & Finance stock. The shares were purchased at an average price of $29.49 per share, for a total transaction of $312,594.00.
Better Home & Finance Stock Down 3.6%
Shares of BETR opened at $24.34 on Thursday. Better Home & Finance Holding Company has a 12-month low of $10.81 and a 12-month high of $94.06. The firm has a market capitalization of $400.39 million, a price-to-earnings ratio of -2.07 and a beta of 1.83. The stock's 50-day moving average price is $35.02 and its 200 day moving average price is $37.94.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank acquired a new position in Better Home & Finance during the 4th quarter worth $1,819,000. Penserra Capital Management LLC acquired a new position in Better Home & Finance during the 3rd quarter worth $1,647,000. CWM LLC acquired a new position in Better Home & Finance during the 3rd quarter worth $42,000. Walleye Capital LLC acquired a new position in Better Home & Finance during the 1st quarter worth $262,000. Finally, Bank of New York Mellon Corp lifted its holdings in 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 worth $495,000 after buying an additional 548 shares in the last quarter. 20.94% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on BETR shares. Needham & Company LLC started coverage on Better Home & Finance in a research note on Monday, May 4th. They set a "buy" rating and a $53.00 price target on the stock. Wall Street Zen downgraded Better Home & Finance from a "sell" rating to a "strong sell" rating in a report on Sunday. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Better Home & Finance in a report on Monday, April 20th. Finally, Cantor Fitzgerald raised Better Home & Finance to a "strong-buy" rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Better Home & Finance has a consensus rating of "Moderate Buy" and a consensus target price of $46.50.
Get Our Latest Report on BETR
About Better Home & Finance
(
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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