Better Home & Finance (NASDAQ:BETR) Shares Up 11.7% After Analyst Upgrade

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price was up 11.7% on Wednesday after Cantor Fitzgerald upgraded the stock to a strong-buy rating. The stock traded as high as $36.30 and last traded at $34.24. Approximately 460,920 shares changed hands during trading, a decline of 4% from the average daily volume of 479,478 shares. The stock had previously closed at $30.64.

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

Insider Transactions at Better Home & Finance

In related news, Director Bhaskar Menon bought 1,500 shares of Better Home & Finance stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average price of $33.94 per share, with a total value of $50,910.00. Following the acquisition, the director owned 1,500 shares of the company’s stock, valued at approximately $50,910. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $38.55, for a total transaction of $308,400.00. Following the completion of the transaction, the general counsel owned 26,198 shares in the company, valued at approximately $1,009,932.90. This trade represents a 23.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,221 shares of company stock worth $1,357,251. 23.59% of the stock is owned by insiders.

Institutional Trading of Better Home & Finance

Several hedge funds have recently added to or reduced their stakes in the company. Gratia Capital LLC acquired a new stake in shares of Better Home & Finance during the second quarter worth $1,797,000. Daymark Wealth Partners LLC acquired a new position in shares of Better Home & Finance in the second quarter valued at about $293,000. Quadrature Capital Ltd bought a new position in Better Home & Finance during the second quarter worth about $173,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance in the 3rd quarter worth about $31,000. Finally, Brooklyn FI LLC acquired a new stake in Better Home & Finance in the 3rd quarter worth about $202,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Better Home & Finance Stock Performance

The stock’s fifty day simple moving average is $39.10 and its 200-day simple moving average is $39.00. The stock has a market cap of $538.51 million, a P/E ratio of -2.82 and a beta of 1.99.

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.