Better Home & Finance (NASDAQ:BETR) Stock Price Up 10.9% – What’s Next?

Better Home & Finance Holding Company (NASDAQ:BETR) shot up 10.9% during trading on Friday . The stock traded as high as $32.53 and last traded at $32.3510. 77,468 shares were traded during trading, a decline of 82% from the average session volume of 436,548 shares. The stock had previously closed at $29.18.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BETR. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Better Home & Finance Price Performance

The company has a market cap of $492.35 million, a PE ratio of -2.57 and a beta of 1.99. The company’s 50 day simple moving average is $34.60 and its two-hundred day simple moving average is $40.18.

Insider Activity at Better Home & Finance

In other news, COO Chad M. Smith sold 2,056 shares of Better Home & Finance stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $27.98, for a total value of $57,526.88. Following the completion of the sale, the chief operating officer directly owned 19,534 shares of the company’s stock, valued at approximately $546,561.32. The trade was a 9.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Paula Tuffin sold 8,018 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $28.67, for a total value of $229,876.06. Following the completion of the sale, the general counsel owned 42,487 shares in the company, valued at $1,218,102.29. This represents a 15.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 46,392 shares of company stock worth $1,728,458. Insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Better Home & Finance during the third quarter worth about $29,000. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance in the second quarter valued at approximately $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance during the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance during the 2nd quarter worth approximately $33,000. Finally, CWM LLC acquired a new stake in Better Home & Finance during the 3rd quarter worth approximately $42,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.