Better Home & Finance Holding Company (NASDAQ:BETR) Given Average Recommendation of “Moderate Buy” by Analysts

Better Home & Finance Holding Company (NASDAQ:BETR) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $28.1667.

A number of brokerages recently commented on BETR. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price target on shares of Better Home & Finance in a report on Tuesday, August 4th. Roth Capital set a $25.00 price objective on shares of Better Home & Finance in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Cantor Fitzgerald cut shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $16.00 in a research report on Thursday, August 13th.

Insider Transactions at Better Home & Finance

In other Better Home & Finance news, insider Chad M. Smith sold 3,307 shares of Better Home & Finance stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total transaction of $42,494.95. Following the sale, the insider directly owned 1,693 shares of the company’s stock, valued at approximately $21,755.05. The trade was a 66.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Hugh R. Frater bought 5,150 shares of Better Home & Finance stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the acquisition, the director directly owned 6,326 shares in the company, valued at approximately $153,974.84. This trade represents a 437.93% increase in their position. The disclosure for this purchase is available in the SEC filing. 27.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BETR. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the second quarter worth $29,000. Russell Investments Group Ltd. purchased a new position in Better Home & Finance during the third quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Better Home & Finance during the second quarter valued at $33,000. Activest Wealth Management bought a new stake in shares of Better Home & Finance during the 4th quarter valued at $59,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Better Home & Finance during the 2nd quarter valued at $72,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Better Home & Finance Price Performance

Shares of NASDAQ:BETR opened at $13.85 on Friday. Better Home & Finance has a 1 year low of $11.11 and a 1 year high of $94.06. The company has a market cap of $263.15 million, a PE ratio of -1.26 and a beta of 1.73. The stock’s 50-day moving average is $20.93 and its 200 day moving average is $28.27.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The business had revenue of $54.70 million during the quarter. Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%. Analysts expect that Better Home & Finance will post -6.56 EPS for the current fiscal year.

Better Home & Finance Company Profile

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.