Better Home & Finance (NASDAQ:BETR) COO Sells $242,880.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $40.48, for a total transaction of $242,880.00. Following the completion of the transaction, the chief operating officer owned 27,590 shares in the company, valued at $1,116,843.20. This represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Better Home & Finance Trading Down 10.1%

BETR stock opened at $34.97 on Thursday. The stock has a market cap of $549.03 million, a P/E ratio of -2.87 and a beta of 1.95. Better Home & Finance Holding Company has a twelve month low of $7.71 and a twelve month high of $94.06. The company’s 50 day moving average is $56.77 and its two-hundred day moving average is $34.39.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after buying an additional 8,924 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in shares of Better Home & Finance in the 2nd quarter valued at approximately $293,000. Geode Capital Management LLC increased its holdings in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance in the second quarter valued at approximately $29,000. Finally, XTX Topco Ltd purchased a new stake in shares of Better Home & Finance during the second quarter worth approximately $197,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BETR. Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities started coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

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.