Better Home & Finance (NASDAQ:BETR) Stock Price Up 9.7% - Here's What Happened

Key Points

• BETR jumped 9.7% to $40.95 on Friday (intraday high $41.00) on ~183,378 shares traded, roughly 61% below its average daily volume.
• Analysts are mixed—one Strong Buy, one Hold and one Sell—resulting in a consensus rating of "Hold" with a consensus target price of $40.00.
• Insiders were net buyers last quarter: major shareholder Ventures IV L.P. bought 54,384 shares at $32.96 (raising its stake 5.71%), and insiders now own about 23.59% of the stock while institutions hold ~20.94%.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report)'s stock price rose 9.7% during trading on Friday . The company traded as high as $41.00 and last traded at $40.9510. Approximately 183,378 shares traded hands during trading, a decline of 61% from the average daily volume of 469,145 shares. The stock had previously closed at $37.33.

Analyst Upgrades and Downgrades

BETR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. Finally, Cantor Fitzgerald upgraded shares of Better Home & Finance to a "strong-buy" rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $40.00.

Better Home & Finance Price Performance

The company has a market cap of $678.23 million, a P/E ratio of -3.81 and a beta of 1.91. The stock's 50-day moving average is $32.74 and its two-hundred day moving average is $42.73.

Insider Activity at Better Home & Finance

In other Better Home & Finance news, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the firm's stock in a transaction on Friday, April 10th. The shares were acquired at an average cost of $32.96 per share, for a total transaction of $1,792,496.64. Following the completion of the transaction, the insider owned 1,006,696 shares of the company's stock, valued at approximately $33,180,700.16. The trade was a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Paula Tuffin sold 8,018 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $28.67, for a total transaction of $229,876.06. Following the completion of the transaction, the general counsel owned 42,487 shares in the company, valued at $1,218,102.29. The trade was a 15.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 268,893 shares of company stock worth $8,603,664 and have sold 24,112 shares worth $695,807. 23.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC bought a new position in Better Home & Finance in the fourth quarter worth approximately $456,000. Engineers Gate Manager LP bought a new position in Better Home & Finance in the fourth quarter worth approximately $450,000. AQR Capital Management LLC raised its position in Better Home & Finance by 39.7% in the fourth quarter. AQR Capital Management LLC now owns 13,769 shares of the company's stock worth $449,000 after acquiring an additional 3,913 shares during the period. Jump Financial LLC bought a new position in Better Home & Finance in the fourth quarter worth approximately $2,457,000. Finally, California State Teachers Retirement System raised its position in Better Home & Finance by 1,686.9% in the fourth quarter. California State Teachers Retirement System now owns 5,468 shares of the company's stock worth $178,000 after acquiring an additional 5,162 shares during the period. 20.94% of the stock is currently owned by 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.

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