Better Home & Finance (NASDAQ:BETR) Shares Gap Up – Still a Buy?

Better Home & Finance Holding Company (NASDAQ:BETR)’s share price gapped up before the market opened on Friday . The stock had previously closed at $37.44, but opened at $40.90. Better Home & Finance shares last traded at $38.3150, with a volume of 328,593 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BETR. Northland Capmk raised Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities initiated coverage on shares of Better Home & Finance in a report on Monday, October 6th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Better Home & Finance Stock Up 6.5%

The stock has a market cap of $625.84 million, a price-to-earnings ratio of -3.27 and a beta of 1.99. The company has a 50 day simple moving average of $45.50 and a 200 day simple moving average of $37.06.

Insider Activity at Better Home & Finance

In other Better Home & Finance news, General Counsel Paula Tuffin sold 8,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $46.56, for a total transaction of $372,480.00. Following the sale, the general counsel owned 32,344 shares of the company’s stock, valued at approximately $1,505,936.64. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bhaskar Menon purchased 1,500 shares of the stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of $33.94 per share, with a total value of $50,910.00. Following the completion of the acquisition, the director directly owned 1,500 shares of the company’s stock, valued at approximately $50,910. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 19,221 shares of company stock valued at $828,651. 23.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after acquiring an additional 8,924 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of Better Home & Finance during the second quarter valued at about $293,000. Geode Capital Management LLC grew 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 worth $1,609,000 after purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Better Home & Finance during the second quarter worth about $29,000. Finally, XTX Topco Ltd acquired a new position in shares of Better Home & Finance in the second quarter valued at approximately $197,000. Institutional investors and hedge funds 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.