Better Home & Finance (NASDAQ:BETR) Stock Rating Upgraded by Cantor Fitzgerald

Better Home & Finance (NASDAQ:BETR) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on BETR. Northland Securities raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Better Home & Finance has a consensus rating of “Hold” and an average target price of $40.00.

Better Home & Finance Stock Up 4.0%

Shares of BETR opened at $31.88 on Tuesday. The company has a market cap of $500.52 million, a P/E ratio of -2.62 and a beta of 1.99. Better Home & Finance has a fifty-two week low of $8.90 and a fifty-two week high of $94.06. The firm’s 50 day moving average price is $38.77 and its 200 day moving average price is $38.95.

Insider Activity at Better Home & Finance

In other news, COO Chad M. Smith sold 6,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $36.70, for a total transaction of $220,200.00. Following the completion of the transaction, the chief operating officer directly owned 21,590 shares of the company’s stock, valued at approximately $792,353. This represents a 21.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bhaskar Menon bought 1,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were acquired at an average cost of $33.94 per share, for a total transaction of $50,910.00. Following the transaction, the director directly owned 1,500 shares in the company, valued at approximately $50,910. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 33,221 shares of company stock valued at $1,357,251 over the last quarter. 23.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in Better Home & Finance by 3.1% during the first 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. Daymark Wealth Partners LLC acquired a new stake in Better Home & Finance during the 2nd quarter worth $293,000. Geode Capital Management LLC raised its stake in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after acquiring an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the second quarter valued at $29,000. Finally, XTX Topco Ltd acquired a new position in Better Home & Finance in the second quarter valued at $197,000. 20.94% of the stock is currently 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.