Penserra Capital Management LLC Acquires New Holdings in Better Home & Finance Holding Company $BETR

Penserra Capital Management LLC bought a new stake in shares of Better Home & Finance Holding Company (NASDAQ:BETR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 29,344 shares of the company’s stock, valued at approximately $1,647,000. Penserra Capital Management LLC owned approximately 0.19% of Better Home & Finance at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gratia Capital LLC acquired a new position in shares of Better Home & Finance during the 2nd quarter worth approximately $1,797,000. Daymark Wealth Partners LLC purchased a new position in Better Home & Finance during the second quarter worth $293,000. Quadrature Capital Ltd acquired a new position in shares of Better Home & Finance in the second quarter worth $173,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Better Home & Finance in the second quarter worth $33,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance in the second quarter valued at $29,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Better Home & Finance Trading Up 5.6%

NASDAQ BETR opened at $26.68 on Friday. The business’s 50-day moving average price is $36.24 and its 200 day moving average price is $39.48. Better Home & Finance Holding Company has a twelve month low of $8.90 and a twelve month high of $94.06. The company has a market capitalization of $418.88 million, a PE ratio of -2.19 and a beta of 1.99.

Analyst Ratings Changes

A number of research firms recently commented on BETR. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.00.

Insider Buying and Selling

In related news, Director Bhaskar Menon bought 1,500 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was purchased at an average cost of $33.94 per share, for a total transaction of $50,910.00. Following the completion of the acquisition, the director owned 1,500 shares in the company, valued at $50,910. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $38.55, for a total transaction of $308,400.00. Following the transaction, the general counsel directly owned 26,198 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 36,318 shares of company stock valued at $1,441,056. Insiders own 23.59% of the company’s stock.

Better Home & Finance 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.