Better Home & Finance (NASDAQ:BETR) Rating Increased to Strong-Buy at Cantor Fitzgerald

Better Home & Finance (NASDAQ:BETR) was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on BETR. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Northland Securities raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.00.

Better Home & Finance Trading Up 7.8%

Shares of BETR opened at $30.64 on Tuesday. The company’s fifty day simple moving average is $39.10 and its 200 day simple moving average is $39.00. Better Home & Finance has a 1-year low of $8.90 and a 1-year high of $94.06. The company has a market cap of $481.05 million, a price-to-earnings ratio of -2.51 and a beta of 1.99.

Insider Transactions at Better Home & Finance

In other news, General Counsel Paula Tuffin sold 8,000 shares of Better Home & Finance stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $38.55, for a total value of $308,400.00. Following the completion of the sale, the general counsel directly owned 26,198 shares in the company, valued at approximately $1,009,932.90. The trade was a 23.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bhaskar Menon purchased 1,500 shares of Better Home & Finance stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average cost of $33.94 per share, for a total transaction of $50,910.00. Following the transaction, the director directly owned 1,500 shares of the company’s stock, valued at $50,910. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,221 shares of company stock valued at $1,357,251. 23.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Better Home & Finance

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