Key Points
- Director Hugh Frater bought 5,150 shares of Better Home & Finance at $24.34 each, for a total of $125,351. After the purchase, he owned 6,326 shares, a 437.93% increase in his stake.
- The stock opened at $24.10 and is trading well below its 50-day and 200-day moving averages of $33.15 and $34.31, respectively. BETR has a market cap of $454.77 million and a 1-year range of $11.90 to $94.06.
- Analyst sentiment is mixed, with a consensus rating of Moderate Buy and a consensus price target of $46.50. Recent calls include a $53 target from Needham, while Weiss Ratings reiterated a sell rating and Wall Street Zen downgraded the stock to strong sell.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) Director Hugh Frater purchased 5,150 shares of Better Home & Finance stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 6,326 shares in the company, valued at $153,974.84. This trade represents a 437.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Better Home & Finance Price Performance
BETR opened at $24.10 on Friday. The business has a fifty day simple moving average of $33.15 and a 200 day simple moving average of $34.31. The company has a market capitalization of $454.77 million, a PE ratio of -2.05 and a beta of 1.69. Better Home & Finance Holding Company has a 1 year low of $11.90 and a 1 year high of $94.06.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BETR. Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a research note on Monday, April 20th. Needham & Company LLC began coverage on Better Home & Finance in a research note on Monday, May 4th. They issued a "buy" rating and a $53.00 price target for the company. Finally, Wall Street Zen downgraded Better Home & Finance from a "sell" rating to a "strong sell" rating in a research note on Sunday, May 17th. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.50.
Read Our Latest Stock Report on BETR
Institutional Trading of Better Home & Finance
Institutional investors have recently modified their holdings of the stock. Comerica Bank bought a new stake in shares of Better Home & Finance during the 4th quarter valued at $1,819,000. UBS Group AG lifted its position in shares of Better Home & Finance by 49.7% during the 4th quarter. UBS Group AG now owns 82,409 shares of the company's stock valued at $2,685,000 after acquiring an additional 27,356 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Better Home & Finance during the 1st quarter valued at $505,000. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $495,000 after acquiring an additional 548 shares during the period. Finally, Stoic Point Capital Management LLC bought a new stake in shares of Better Home & Finance during the 1st quarter valued at $467,000. 20.94% of the stock is currently 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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