Better Home & Finance (NASDAQ:BETR) Upgraded at Roth Mkm

Better Home & Finance (NASDAQ:BETR) was upgraded by analysts at Roth Mkm to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective for the company. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Two analysts have 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. According to MarketBeat, Better Home & Finance presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

Better Home & Finance Price Performance

Shares of BETR opened at $28.83 on Monday. Better Home & Finance has a 1 year low of $11.90 and a 1 year high of $94.06. The stock has a 50 day simple moving average of $32.81 and a two-hundred day simple moving average of $34.06. The firm has a market cap of $544.02 million, a P/E ratio of -2.45 and a beta of 1.69.

Insider Buying and Selling

In related news, CEO Vishal Garg acquired 15,600 shares of the stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $24.87 per share, for a total transaction of $387,972.00. Following the completion of the transaction, the chief executive officer owned 87,060 shares of the company’s stock, valued at $2,165,182.20. This trade represents a 21.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh R. Frater acquired 5,150 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $24.34 per share, with a total value of $125,351.00. Following the purchase, the director owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This trade represents a 437.93% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 234,234 shares of company stock valued at $6,980,039 over the last quarter. Company insiders own 27.72% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in Better Home & Finance in the 4th quarter worth $2,457,000. Goldman Sachs Group Inc. raised its stake in shares of Better Home & Finance by 1,465.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after acquiring an additional 68,977 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,740 shares during the period. Comerica Bank bought a new stake in shares of Better Home & Finance in the fourth quarter worth about $1,819,000. Finally, Marshall Wace LLP grew its stake in shares of Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after purchasing an additional 54,113 shares during the last quarter. 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.