Vishal Garg Acquires 15,600 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg purchased 15,600 shares of Better Home & Finance stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $25.00 per share, with a total value of $390,000.00. Following the completion of the purchase, the chief executive officer owned 118,260 shares in the company, valued at approximately $2,956,500. This trade represents a 15.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Vishal Garg also recently made the following trade(s):

• On Monday, May 18th, Vishal Garg purchased 15,600 shares of Better Home & Finance stock. The stock was bought at an average cost of $24.87 per share, with a total value of $387,972.00.
• On Thursday, May 7th, Vishal Garg purchased 6,583 shares of Better Home & Finance stock. The stock was bought at an average cost of $30.00 per share, with a total value of $197,490.00.
• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The stock was bought at an average cost of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg purchased 2,217 shares of Better Home & Finance stock. The stock was bought at an average cost of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg purchased 10,600 shares of Better Home & Finance stock. The stock was bought at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Trading Up 2.8%

Shares of NASDAQ:BETR opened at $25.03 on Friday. The company has a 50 day moving average of $34.76 and a 200-day moving average of $37.60. The firm has a market cap of $411.74 million, a P/E ratio of -2.13 and a beta of 1.83. Better Home & Finance Holding Company has a twelve month low of $10.81 and a twelve month high of $94.06.

Institutional Trading of Better Home & Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in BETR. Jump Financial LLC acquired a new stake in Better Home & Finance during the fourth quarter valued at approximately $2,457,000. Goldman Sachs Group Inc. raised its holdings in shares of Better Home & Finance by 1,465.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after acquiring an additional 68,977 shares during the period. Geode Capital Management LLC raised its holdings in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares during the period. Comerica Bank acquired a new stake in shares of Better Home & Finance during the fourth quarter valued at approximately $1,819,000. Finally, Marshall Wace LLP raised its holdings in shares of Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after acquiring an additional 54,113 shares during the period. 20.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BETR shares. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Needham & Company LLC started coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 target price for the company. Finally, Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

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.