BTIG Research Cuts Better Home & Finance (NASDAQ:BETR) Price Target to $23.00

by · The Cerbat Gem

Better Home & Finance (NASDAQ:BETR – Free Report) had its price target cut by BTIG Research from $36.00 to $23.00 in a research report report published on Monday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 price target on shares of Better Home & Finance in a report on Monday, July 20th. Wall Street Zen lowered Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Zacks Research upgraded Better Home & Finance to a “hold” rating in a research note on Wednesday, July 29th. Finally, Northland Securities upgraded shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

Get Our Latest Stock Report on Better Home & Finance

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $14.84 on Monday. The stock has a market cap of $280.03 million, a price-to-earnings ratio of -1.35 and a beta of 1.73. Better Home & Finance has a fifty-two week low of $14.20 and a fifty-two week high of $94.06. The firm’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $29.60.

Insider Activity

In other Better Home & Finance news, Director Hugh R. Frater bought 5,150 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the purchase, the director directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vishal Garg purchased 15,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 41,350 shares of company stock valued at $1,030,023 in the last ninety days. 27.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BETR. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. purchased a new position in Better Home & Finance in the third quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Better Home & Finance in the second quarter valued at approximately $33,000. Activest Wealth Management bought a new position in Better Home & Finance during the fourth quarter valued at $59,000. Finally, BNP Paribas Financial Markets bought a new position in Better Home & Finance during the second quarter valued at $72,000. 20.94% of the stock is owned by institutional investors.

Better Home & Finance Company Profile

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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.

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