Better Home & Finance (NASDAQ:BETR) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Better Home & Finance (NASDAQ:BETR) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning.

Several other research firms have also commented on BETR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Canaccord Genuity Group assumed coverage on Better Home & Finance in a research note on Thursday, June 18th. They issued a “buy” rating and a $42.00 target price on the stock. Roth Capital started coverage on Better Home & Finance in a report on Monday, June 15th. They issued a “buy” rating and a $35.00 target price for the company. 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 report on Thursday, July 9th. Finally, Needham & Company LLC began coverage on Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price target for the company. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Better Home & Finance Price Performance

BETR opened at $22.99 on Monday. The company’s 50-day moving average is $26.53 and its 200 day moving average is $31.39. Better Home & Finance has a fifty-two week low of $12.57 and a fifty-two week high of $94.06. The firm has a market capitalization of $433.82 million, a P/E ratio of -1.95 and a beta of 1.71.

Insider Activity at Better Home & Finance

In related news, Director Harit Talwar purchased 5,000 shares of Better Home & Finance stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the transaction, the director owned 44,698 shares in the company, valued at $1,132,647.32. This represents a 12.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Chad M. Smith sold 2,455 shares of Better Home & Finance stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $30.16, for a total transaction of $74,042.80. Following the completion of the sale, the chief operating officer directly owned 21,061 shares in the company, valued at approximately $635,199.76. This represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 51,433 shares of company stock worth $1,334,148 in the last ninety days. Corporate insiders own 27.72% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Better Home & Finance in the second quarter valued at approximately $29,000. Russell Investments Group Ltd. bought a new position in Better Home & Finance during the third quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance in the second quarter worth $33,000. Activest Wealth Management purchased a new stake in Better Home & Finance in the fourth quarter worth $59,000. Finally, BNP Paribas Financial Markets purchased a new stake in Better Home & Finance in the second quarter worth $72,000. Institutional investors own 20.94% of the company’s stock.

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.