Better Home & Finance Holding Company (NASDAQ:BETR) Short Interest Down 16.5% in April

Key Points

• Short interest down 16.5%: Short interest fell to 2,089,812 shares as of April 15, about 16.6% of the company's shares short and a short-interest ratio of 2.8 days based on average daily volume.
• Mixed analyst views: one analyst rates BETR a Strong Buy, one a Hold and one a Sell, yielding a MarketBeat consensus rating of Hold and a consensus price target of $40.00.
• Notable insider buying: CEO Vishal Garg bought 10,600 shares at about $29.49 and Ventures IV L.P. bought 54,384 shares, with insiders purchasing 268,893 shares over the past three months and now owning 23.59% of the stock.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 2,089,812 shares, a drop of 16.5% from the March 31st total of 2,502,685 shares. Approximately 16.6% of the shares of the company are short sold. Based on an average daily volume of 748,742 shares, the short-interest ratio is currently 2.8 days.

Analysts Set New Price Targets

Several research firms recently commented on BETR. Wall Street Zen upgraded Better Home & Finance from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Cantor Fitzgerald upgraded Better Home & Finance to a "strong-buy" rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Better Home & Finance has a consensus rating of "Hold" and a consensus price target of $40.00.

Better Home & Finance Price Performance

BETR stock opened at $41.13 on Friday. Better Home & Finance has a one year low of $10.81 and a one year high of $94.06. The stock has a market cap of $676.59 million, a PE ratio of -3.80 and a beta of 1.91. The firm has a 50 day simple moving average of $35.31 and a two-hundred day simple moving average of $41.63.

Insider Activity

In other news, CEO Vishal Garg acquired 10,600 shares of Better Home & Finance stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of $29.49 per share, with a total value of $312,594.00. Following the completion of the purchase, the chief executive officer owned 42,060 shares in the company, valued at approximately $1,240,349.40. The trade was a 33.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Ventures Iv L.P. Framework acquired 54,384 shares of Better Home & Finance stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $32.96 per share, with a total value of $1,792,496.64. Following the purchase, the insider owned 1,006,696 shares of the company's stock, valued at $33,180,700.16. This represents a 5.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 268,893 shares of company stock worth $8,603,664 and sold 24,112 shares worth $695,807. 23.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new position in shares of Better Home & Finance in the 4th quarter worth about $456,000. Engineers Gate Manager LP purchased a new position in shares of Better Home & Finance in the 4th quarter worth about $450,000. AQR Capital Management LLC boosted its holdings in shares of Better Home & Finance by 39.7% in the 4th quarter. AQR Capital Management LLC now owns 13,769 shares of the company's stock worth $449,000 after purchasing an additional 3,913 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Better Home & Finance in the 4th quarter worth about $2,457,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Better Home & Finance by 1,686.9% in the 4th quarter. California State Teachers Retirement System now owns 5,468 shares of the company's stock worth $178,000 after purchasing an additional 5,162 shares in the last quarter. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

About Better Home & Finance

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.

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