Comerica Bank Makes New $1.82 Million Investment in Better Home & Finance Holding Company $BETR

Key Points

• Comerica Bank opened a new position in Better Home & Finance (NASDAQ:BETR), acquiring 55,827 shares worth about $1.82 million, representing roughly 0.36% of the company.
• Company insiders have been net buyers — including CEO Vishal Garg (10,000 shares) and the CTO (1,000 shares) — with insiders purchasing 268,893 shares in the last 90 days and now owning 23.59% of the stock.
• Analyst sentiment is mixed but tilted positive: the consensus rating is "Moderate Buy" with an average target of $46.50, amid upgrades from Cantor Fitzgerald and Needham and a sell from Weiss Ratings.

Comerica Bank acquired a new position in shares of Better Home & Finance Holding Company (NASDAQ:BETR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,827 shares of the company's stock, valued at approximately $1,819,000. Comerica Bank owned approximately 0.36% of Better Home & Finance at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BETR. Geode Capital Management LLC raised its stake in Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company's stock worth $1,609,000 after acquiring an additional 61,740 shares in the last quarter. Marshall Wace LLP raised its stake in Better Home & Finance by 151.6% during the second 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 in the last quarter. UBS Group AG raised its stake in Better Home & Finance by 127.6% during the third quarter. UBS Group AG now owns 55,053 shares of the company's stock worth $3,091,000 after acquiring an additional 30,869 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Better Home & Finance during the third quarter worth $1,647,000. Finally, XTX Topco Ltd acquired a new position in Better Home & Finance during the second quarter worth $197,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Cantor Fitzgerald upgraded Better Home & Finance to a "strong-buy" rating in a report on Tuesday, January 27th. Needham & Company LLC assumed coverage on Better Home & Finance in a report on Monday. They set a "buy" rating and a $53.00 target price on the stock. Wall Street Zen upgraded Better Home & Finance from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.50.

Insiders Place Their Bets

In other news, CTO Jonsson Sigurgeir Orn purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of $36.09 per share, for a total transaction of $36,090.00. Following the completion of the acquisition, the chief technology officer directly owned 3,497 shares in the company, valued at approximately $126,206.73. The trade was a 40.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vishal Garg purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average price of $35.05 per share, for a total transaction of $350,500.00. Following the acquisition, the chief executive officer owned 64,877 shares of the company's stock, valued at $2,273,938.85. The trade was a 18.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 268,893 shares of company stock worth $8,603,664 and have sold 21,015 shares worth $612,002. Insiders own 23.59% of the company's stock.

Better Home & Finance Stock Performance

Shares of BETR stock opened at $42.69 on Thursday. The stock's fifty day moving average is $35.90 and its 200-day moving average is $41.28. The stock has a market capitalization of $702.25 million, a PE ratio of -3.95 and a beta of 1.83. Better Home & Finance Holding Company has a 52 week low of $10.81 and a 52 week high of $94.06.

Better Home & Finance 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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