Better Home & Finance (NASDAQ:BETR) Major Shareholder Ventures Iv L.P. Framework Acquires 40,000 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework acquired 40,000 shares of the stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of $29.60 per share, with a total value of $1,184,000.00. Following the transaction, the insider directly owned 952,312 shares of the company’s stock, valued at approximately $28,188,435.20. This trade represents a 4.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Ventures Iv L.P. Framework also recently made the following trade(s):

• On Thursday, March 19th, Ventures Iv L.P. Framework bought 53,000 shares of Better Home & Finance stock. The stock was acquired at an average cost of $28.48 per share, for a total transaction of $1,509,440.00.
• On Monday, March 16th, Ventures Iv L.P. Framework purchased 25,000 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.55 per share, with a total value of $738,750.00.
• On Friday, March 13th, Ventures Iv L.P. Framework purchased 29,494 shares of Better Home & Finance stock. The shares were acquired at an average cost of $34.12 per share, with a total value of $1,006,335.28.
• On Wednesday, March 11th, Ventures Iv L.P. Framework acquired 21,598 shares of Better Home & Finance stock. The shares were acquired at an average cost of $39.73 per share, for a total transaction of $858,088.54.
• On Monday, March 9th, Ventures Iv L.P. Framework acquired 10,000 shares of Better Home & Finance stock. The shares were acquired at an average cost of $35.46 per share, for a total transaction of $354,600.00.

Better Home & Finance Stock Performance

Shares of BETR opened at $28.99 on Tuesday. Better Home & Finance Holding Company has a fifty-two week low of $9.50 and a fifty-two week high of $94.06. The firm’s 50-day simple moving average is $31.46 and its two-hundred day simple moving average is $43.00. The stock has a market cap of $476.89 million, a PE ratio of -2.68 and a beta of 1.98.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BETR shares. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Better Home & Finance currently has an average rating of “Hold” and an average price target of $40.00.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Better Home & Finance during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Better Home & Finance in the third quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance in the third quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Better Home & Finance during the second quarter valued at approximately $33,000. Finally, CWM LLC purchased a new position in shares of Better Home & Finance during the third quarter valued at approximately $42,000. Hedge funds and other 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.