Better Home & Finance (NASDAQ:BETR) Shares Up 11.1% – What’s Next?

Better Home & Finance Holding Company (NASDAQ:BETR) shares were up 11.1% during mid-day trading on Thursday . The stock traded as high as $47.60 and last traded at $49.2840. Approximately 58,480 shares changed hands during trading, a decline of 81% from the average daily volume of 300,073 shares. The stock had previously closed at $44.38.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BETR shares. Northland Capmk upgraded Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Northland Securities assumed coverage on Better Home & Finance in a report on Monday, October 6th. They set a “market perform” rating for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Better Home & Finance Stock Up 11.9%

The firm has a market cap of $779.43 million, a PE ratio of -4.07 and a beta of 1.95. The business has a 50-day moving average price of $59.46 and a two-hundred day moving average price of $32.23.

Insider Buying and Selling

In related news, major shareholder Pbra, Llc sold 995,660 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $50.31, for a total value of $50,091,654.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO J. Calamari Nicholas sold 4,890 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $59.28, for a total value of $289,879.20. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,013,078 shares of company stock valued at $51,124,194. 23.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. Gratia Capital LLC acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at $1,797,000. Geode Capital Management LLC grew its stake in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares in the last quarter. Marshall Wace LLP increased its holdings in 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 purchasing an additional 54,113 shares during the last quarter. UBS Group AG increased its stake in shares of Better Home & Finance by 127.6% in the third quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after buying an additional 30,869 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Better Home & Finance in the 3rd quarter valued at about $1,647,000. 20.94% of the stock is currently owned by hedge funds and other 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.