Better Home & Finance (NASDAQ:BETR) Director Hugh Frater Purchases 5,150 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) Director Hugh Frater acquired 5,150 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the transaction, the director owned 6,326 shares of the company’s stock, valued at approximately $153,974.84. This trade represents a 437.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Better Home & Finance Stock Performance

BETR stock traded up $0.37 during mid-day trading on Thursday, hitting $24.10. The company had a trading volume of 418,297 shares, compared to its average volume of 366,007. Better Home & Finance Holding Company has a 12 month low of $11.90 and a 12 month high of $94.06. The stock’s fifty day moving average price is $33.15 and its two-hundred day moving average price is $34.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BETR shares. Wall Street Zen cut Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, Needham & Company LLC started coverage on Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Better Home & Finance presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stoic Point Capital Management LLC bought a new position in shares of Better Home & Finance in the first quarter worth $467,000. Royal Bank of Canada increased its holdings in shares of Better Home & Finance by 1,264.0% in the 1st quarter. Royal Bank of Canada now owns 2,728 shares of the company’s stock worth $97,000 after buying an additional 2,528 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Better Home & Finance in the 1st quarter worth $505,000. Walleye Capital LLC bought a new position in shares of Better Home & Finance in the 1st quarter worth $262,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Better Home & Finance by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 13,890 shares of the company’s stock worth $495,000 after buying an additional 548 shares during the last quarter. 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.