Better Home & Finance’s (BETR) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Better Home & Finance (NASDAQ:BETR) in a research report sent to investors on Tuesday,Benzinga reports. Canaccord Genuity Group currently has a $42.00 price objective on the stock.

Other analysts also recently issued research reports about the company. Roth Capital initiated coverage on Better Home & Finance in a research report on Monday, June 15th. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Research upgraded Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Better Home & Finance in a research report on Friday, July 31st. Northland Securities raised Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.33.

Better Home & Finance Stock Down 6.2%

BETR stock opened at $16.64 on Tuesday. Better Home & Finance has a twelve month low of $12.74 and a twelve month high of $94.06. The company has a market cap of $314.00 million, a PE ratio of -1.41 and a beta of 1.73. The business’s 50-day simple moving average is $25.16 and its 200 day simple moving average is $30.07.

Insider Activity at Better Home & Finance

In other Better Home & Finance news, CEO Vishal Garg purchased 15,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $25.00 per share, with a total value of $390,000.00. Following the acquisition, the chief executive officer directly owned 118,260 shares of the company’s stock, valued at approximately $2,956,500. This trade represents a 15.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Hugh R. Frater acquired 5,150 shares of Better Home & Finance stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $24.34 per share, for a total transaction 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 represents a 437.93% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 41,850 shares of company stock valued at $1,045,368 in the last three months. Corporate insiders own 27.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Better Home & Finance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after acquiring an additional 548 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance during the third quarter valued at approximately $31,000. BNP Paribas Financial Markets grew its stake in shares of Better Home & Finance by 15.3% during the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after purchasing an additional 894 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Better Home & Finance by 17.8% in the third quarter. Rhumbline Advisers now owns 6,044 shares of the company’s stock valued at $339,000 after purchasing an additional 914 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Better Home & Finance by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,447 shares of the company’s stock valued at $340,000 after purchasing an additional 987 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

More Better Home & Finance News

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Canaccord Genuity Group assigned Better Home & Finance a Buy rating, while other recent analyst commentary has also described the stock favorably. These ratings may provide some support if investors view the current valuation as reflecting much of the company’s risk. Better Home & Finance Earns Buy Rating from Canaccord Genuity Group
• Neutral Sentiment: Better Home & Finance named Daniel Lewis interim chief executive officer. The appointment may improve near-term management continuity, but the interim status leaves uncertainty around the company’s longer-term leadership and strategy. Better Home & Finance Names Daniel Lewis Interim CEO
• Negative Sentiment: The company reported a quarterly loss of $1.64 per share, worse than the expected loss of $1.41 per share. Revenue was $54.7 million, while Better Home & Finance continued to post a deeply negative net margin and return on equity, highlighting substantial profitability challenges. Better Home & Finance Quarterly Earnings Release
• Negative Sentiment: Third-quarter revenue guidance of $49 million to $52 million is substantially below the $60.8 million consensus estimate. The outlook suggests slower near-term business activity and is likely the most immediate catalyst weighing on BETR.
• Negative Sentiment: Multiple law firms are investigating possible securities-law violations tied to prior growth and funded-loan-volume disclosures. These investigations do not establish wrongdoing, but they add legal, reputational and potential financial risks for shareholders. BETR Investor Investigation Announced by Holzer & Holzer

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.