Better Home & Finance (NASDAQ:BETR) Earns “Buy” Rating from Canaccord Genuity Group

Better Home & Finance (NASDAQ:BETR)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a report released on Tuesday,Benzinga reports. They presently have a $42.00 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 53.85% from the company’s previous close.

A number of other equities research analysts also recently weighed in on BETR. Roth Capital started coverage on shares of Better Home & Finance in a research note on Monday, June 15th. They issued a “buy” rating and a $35.00 price target on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Friday, July 17th. Northland Securities upgraded shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Thursday, July 9th. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $32.00 price target on shares of Better Home & Finance in a research note on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Better Home & Finance Stock Up 16.2%

BETR stock opened at $27.30 on Tuesday. The business has a 50-day simple moving average of $25.76 and a 200 day simple moving average of $30.47. The company has a market cap of $515.15 million, a PE ratio of -2.32 and a beta of 1.74. Better Home & Finance has a 52 week low of $12.74 and a 52 week high of $94.06.

Insider Activity at Better Home & Finance

In related news, CEO Vishal Garg acquired 15,600 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $25.00 per share, with a total value of $390,000.00. Following the transaction, the chief executive officer directly owned 118,260 shares of the company’s stock, valued at $2,956,500. This trade represents a 15.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harit Talwar bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $25.34 per share, with a total value of $126,700.00. Following the completion of the transaction, the director directly 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 SEC filing for this purchase provides additional information. Insiders acquired 51,433 shares of company stock valued at $1,334,148 in the last ninety days. Insiders own 27.72% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance during the second quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance during the 3rd quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Better Home & Finance during the 2nd quarter valued at $33,000. Activest Wealth Management acquired a new position in Better Home & Finance during the fourth quarter worth $59,000. Finally, BNP Paribas Financial Markets acquired a new position in Better Home & Finance during the second quarter worth $72,000. Institutional investors own 20.94% of the company’s stock.

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.