Better Home & Finance (NASDAQ:BETR) Given New $22.00 Price Target at Needham & Company LLC

Better Home & Finance (NASDAQ:BETR) had its price target lifted by investment analysts at Needham & Company LLC from $15.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s target price would indicate a potential upside of 31.58% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. BTIG Research decreased their price objective on shares of Better Home & Finance from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Northland Securities set a $18.00 price objective on shares of Better Home & Finance in a report on Wednesday, October 7th. Roth Capital set a $25.00 target price on shares of Better Home & Finance in a research note on Thursday, August 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $42.00 target price on shares of Better Home & Finance in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 12th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.14.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $16.72 on Monday. Better Home & Finance has a 52-week low of $7.51 and a 52-week high of $92.69. The business has a fifty day moving average of $12.18 and a two-hundred day moving average of $22.55. The stock has a market cap of $317.68 million, a PE ratio of -1.52 and a beta of 1.73.

Better Home & Finance (NASDAQ:BETR) last posted its earnings results 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 firm 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 predict that Better Home & Finance will post -7.98 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Paula Tuffin sold 3,108 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $12.36, for a total value of $38,414.88. Following the completion of the sale, the general counsel owned 40,931 shares of the company’s stock, valued at $505,907.16. This trade represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Chad M. Smith sold 3,307 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total transaction of $42,494.95. Following the completion of the sale, the insider directly owned 1,693 shares of the company’s stock, valued at approximately $21,755.05. This represents a 66.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 8,960 shares of company stock worth $107,647 over the last quarter. 27.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BETR. Whetstone Capital Advisors LLC acquired a new position in Better Home & Finance in the second quarter valued at approximately $6,985,000. Fifth Third Bancorp bought a new position in Better Home & Finance in the first quarter valued at approximately $1,460,000. Bank of New York Mellon Corp acquired a new stake in Better Home & Finance during the 2nd quarter worth $518,000. Quantinno Capital Management LP acquired a new stake in Better Home & Finance during the 1st quarter worth $505,000. Finally, Stoic Point Capital Management LLC acquired a new stake in Better Home & Finance during the 1st quarter worth $467,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home.

Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.