Vishal Garg Purchases 15,600 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg purchased 15,600 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $24.87 per share, with a total value of $387,972.00. Following the completion of the acquisition, the chief executive officer owned 87,060 shares of the company’s stock, valued at approximately $2,165,182.20. The trade was a 21.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishal Garg also recently made the following trade(s):

• On Thursday, May 7th, Vishal Garg purchased 6,583 shares of Better Home & Finance stock. The stock was bought at an average cost of $30.00 per share, with a total value of $197,490.00.
• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The stock was bought at an average cost of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg bought 2,217 shares of Better Home & Finance stock. The stock was 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, with a total value of $312,594.00.

Better Home & Finance Trading Down 7.2%

Shares of NASDAQ BETR traded down $1.95 during midday trading on Monday, reaching $25.05. 509,133 shares of the stock were exchanged, compared to its average volume of 510,720. The company has a market capitalization of $412.07 million, a P/E ratio of -2.13 and a beta of 1.83. Better Home & Finance Holding Company has a 52-week low of $10.81 and a 52-week high of $94.06. The stock has a 50 day moving average price of $35.54 and a 200-day moving average price of $39.01.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BETR. Needham & Company LLC began coverage on shares of Better Home & Finance in a report on Monday, May 4th. They set a “buy” rating and a $53.00 price target for the company. Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently modified their holdings of BETR. Goldman Sachs Group Inc. boosted its holdings in Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Better Home & Finance in the second quarter valued at about $29,000. XTX Topco Ltd purchased a new position in Better Home & Finance in the second quarter valued at about $197,000. Finally, New York State Common Retirement Fund purchased a new position in Better Home & Finance in the second quarter valued at about $100,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

About Better Home & Finance

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.