Better Home & Finance (NASDAQ:BETR) Price Target Cut to $35.00 by Analysts at Needham & Company LLC

Better Home & Finance (NASDAQ:BETR) had its target price trimmed by Needham & Company LLC from $53.00 to $35.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Northland Securities raised shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Thursday, July 9th. Roth Capital assumed coverage on shares of Better Home & Finance in a research note on Monday, June 15th. They set a “buy” rating and a $35.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $32.00 price objective on shares of Better Home & Finance in a report on Monday. Canaccord Genuity Group assumed coverage on Better Home & Finance in a report on Thursday, June 18th. They set a “buy” rating and a $42.00 target price for the company. Finally, Wall Street Zen upgraded Better Home & Finance from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.33.

Better Home & Finance Stock Performance

BETR opened at $21.81 on Friday. The company has a fifty day moving average of $26.03 and a two-hundred day moving average of $31.11. Better Home & Finance has a fifty-two week low of $12.57 and a fifty-two week high of $94.06. The stock has a market capitalization of $411.55 million, a price-to-earnings ratio of -1.85 and a beta of 1.71.

Insider Buying and Selling

In other news, CEO Vishal Garg bought 15,600 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $25.00 per share, with a total value of $390,000.00. Following the completion of the acquisition, the chief executive officer directly owned 118,260 shares in the company, valued at approximately $2,956,500. The trade was a 15.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hugh R. Frater purchased 5,150 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the purchase, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 51,433 shares of company stock valued at $1,334,148 over the last 90 days. Insiders own 27.72% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC grew its position in 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 buying an additional 61,740 shares during the period. JPMorgan Chase & Co. purchased a new position in Better Home & Finance in the second quarter valued at about $29,000. XTX Topco Ltd purchased a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $197,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $100,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

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.