BTIG Research Lowers Better Home & Finance (NASDAQ:BETR) Price Target to $23.00

Key Points

• BTIG Research lowered Better Home & Finance’s price target from $36 to $23 while maintaining a “buy” rating, implying 48.77% potential upside from the stock’s $15.46 price.
• Analyst sentiment remains generally positive: the stock has a consensus “Moderate Buy” rating and a consensus target price of $32.50, although recent targets have been reduced and ratings range from “strong sell” to “outperform.”
• Better Home & Finance has faced significant price volatility, trading between $12.74 and $94.06 over the past year. Insiders bought 41,750 shares worth about $1.04 million during the latest quarter, while institutional investors own 20.94% of the stock.

Better Home & Finance (NASDAQ:BETR - Get Free Report) had its price objective lowered by equities research analysts at BTIG Research from $36.00 to $23.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's target price would suggest a potential upside of 48.77% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Northland Securities upgraded shares of Better Home & Finance from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Thursday, July 9th. Needham & Company LLC cut their target price on shares of Better Home & Finance from $35.00 to $25.00 and set a "buy" rating for the company in a research report on Friday. Canaccord Genuity Group reaffirmed a "buy" rating and set a $42.00 price objective on shares of Better Home & Finance in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of Better Home & Finance from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of Better Home & Finance to a "hold" rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Better Home & Finance has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Better Home & Finance Price Performance

NASDAQ BETR opened at $15.46 on Monday. The business has a 50 day moving average price of $24.89 and a 200-day moving average price of $29.94. The company has a market cap of $291.73 million, a price-to-earnings ratio of -1.40 and a beta of 1.73. Better Home & Finance has a 52 week low of $12.74 and a 52 week high of $94.06.

Insider Buying and Selling at Better Home & Finance

In related news, Director Harit Talwar bought 5,000 shares of the business's stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the purchase, the director directly owned 44,698 shares of the company's stock, valued at approximately $1,132,647.32. This trade represents a 12.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hugh R. Frater purchased 5,150 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $24.34 per share, for a total transaction of $125,351.00. Following the completion of the acquisition, the director directly owned 6,326 shares in the company, valued at approximately $153,974.84. This represents a 437.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 41,750 shares of company stock valued at $1,042,243. Company insiders own 27.72% of the company's stock.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently made changes to their positions in BETR. Vanguard Group Inc. lifted its position in Better Home & Finance by 1.6% during the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company's stock valued at $22,394,000 after purchasing an additional 6,374 shares during the period. Goldman Sachs Group Inc. boosted its stake in Better Home & Finance by 3.1% during the 1st 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 during the last quarter. Geode Capital Management LLC grew its stake in Better Home & Finance by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company's stock valued at $4,927,000 after acquiring an additional 11,922 shares in the last quarter. State Street Corp increased its holdings in shares of Better Home & Finance by 14.2% in the fourth quarter. State Street Corp now owns 116,597 shares of the company's stock valued at $3,799,000 after purchasing an additional 14,540 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock worth $1,113,000 after acquiring an additional 54,113 shares during the period. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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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