Better Home & Finance's (BETR) "Buy" Rating Reiterated at Needham & Company LLC

Better Home & Finance (NASDAQ:BETR - Get Free Report)'s stock had its "buy" rating reiterated by Needham & Company LLC in a note issued to investors on Tuesday, MarketBeat reports. They currently have a $25.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 124.62% from the stock's previous close.

A number of other brokerages have also issued reports on BETR. Northland Securities upgraded shares of Better Home & Finance from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Thursday, July 9th. B. Riley Financial assumed coverage on shares of Better Home & Finance in a research report on Wednesday, September 9th. They issued a "buy" rating for the company. Wall Street Zen downgraded Better Home & Finance from a "sell" rating to a "strong sell" rating in a research report on Saturday, September 12th. Roth Capital set a $25.00 price objective on Better Home & Finance in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald raised Better Home & Finance from a "neutral" rating to an "overweight" rating and set a $16.00 price objective for the company in a report on Friday. Eight 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 company's stock. Based on data from MarketBeat.com, Better Home & Finance has a consensus rating of "Moderate Buy" and a consensus price target of $27.86.

Better Home & Finance Price Performance

BETR opened at $11.13 on Tuesday. Better Home & Finance has a 1 year low of $9.81 and a 1 year high of $92.69. The company has a market capitalization of $211.47 million, a PE ratio of -1.01 and a beta of 1.73. The business has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $24.65.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.23). Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. The business had revenue of $54.70 million during the quarter. Equities analysts anticipate that Better Home & Finance will post -7.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Better Home & Finance

In other news, General Counsel Paula Tuffin sold 3,108 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $12.36, for a total value of $38,414.88. Following the completion of the transaction, the general counsel owned 40,931 shares of the company's stock, valued at approximately $505,907.16. This represents a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Chad M. Smith sold 3,307 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total transaction of $42,494.95. Following the completion of the sale, the insider owned 1,693 shares in the company, valued at approximately $21,755.05. The trade was a 66.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 27.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC bought a new stake in shares of Better Home & Finance during the second quarter worth about $6,985,000. Bank of New York Mellon Corp bought a new position in Better Home & Finance in the 2nd quarter valued at approximately $518,000. Stoic Point Capital Management LLC acquired a new stake in Better Home & Finance during the 1st quarter worth approximately $467,000. Royal Bank of Canada grew its holdings in Better Home & Finance by 1,264.0% during the 1st quarter. Royal Bank of Canada now owns 2,728 shares of the company's stock worth $97,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Better Home & Finance during the 1st quarter worth approximately $505,000. Institutional investors own 20.94% of the company's stock.

Better Home & Finance News Summary

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Birmingham Bank sale advances: A buyer consortium has escrowed £10 million toward the proposed sale of wholly owned Birmingham Bank. The transaction could provide cash and allow Better to focus on its core mortgage business, although regulatory approval, final documentation and other closing conditions remain outstanding. Better Home & Finance Announces Progress Toward Sale of Birmingham Bank
• Positive Sentiment: Needham reiterates Buy: Needham & Company reaffirmed its Buy rating and maintained a $25 price target, implying substantial upside from the cited $11.13 reference price. The target reflects analyst confidence despite Better’s recent operating losses and execution risks. Better Home & Finance’s Buy Rating Reaffirmed
• Neutral Sentiment: Management plans shareholder update: Better will hold a “Better 2.0” shareholder call to discuss its newly constituted board, progress on a 90-day plan, growth priorities and efforts to rebuild shareholder trust. The call could provide important details, but its financial impact is not yet clear. Better 2.0 Shareholder Call
• Negative Sentiment: Control change and litigation increase uncertainty: Founder Vishal Garg regained control of the board after a shareholder consent solicitation, ending the proxy dispute but creating uncertainty around governance and strategy. Multiple law firms also publicized a securities class action alleging investors were misled about loan-volume and funnel trends; lead-plaintiff deadlines generally fall in November. These developments add legal, reputational and execution risk. Vishal Garg Regains Control of Better’s Board

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a technology-focused homeownership platform that provides digital tools and services for consumers navigating the home-buying and home-financing process. Its offerings are designed to simplify mortgage applications and other transactions through an online platform.

Through its Better Mortgage business, the company originates and facilitates residential mortgage loans. Its broader suite of services has included real estate brokerage, title and settlement services, and homeowners insurance, allowing customers to access several aspects of the homeownership process through a single platform.

Better was founded in 2014 and is associated with founder and Chief Executive Officer Vishal Garg.