Better Home & Finance (NASDAQ:BETR) Insider Sells $42,494.95 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) insider Chad Smith sold 3,307 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total value of $42,494.95. Following the completion of the sale, the insider owned 1,693 shares of the company’s stock, valued at $21,755.05. This represents a 66.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Better Home & Finance Stock Performance

Shares of NASDAQ:BETR traded down $1.43 during trading on Thursday, hitting $11.60. 950,988 shares of the stock were exchanged, compared to its average volume of 496,766. The company has a market capitalization of $218.89 million, a price-to-earnings ratio of -1.05 and a beta of 1.73. Better Home & Finance Holding Company has a 1-year low of $11.43 and a 1-year high of $94.06. The company’s fifty day simple moving average is $23.00 and its 200-day simple moving average is $29.00.

Better Home & Finance (NASDAQ:BETR) last issued its earnings results on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). The firm had revenue of $54.70 million during the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. On average, research analysts forecast that Better Home & Finance Holding Company will post -6.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BETR has been the subject of a number of recent research reports. BTIG Research dropped their price objective on shares of Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Northland Securities raised shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Thursday, July 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $42.00 price target on shares of Better Home & Finance in a research report on Tuesday, August 4th. Cantor Fitzgerald lowered shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $16.00 in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Better Home & Finance in the 2nd quarter worth about $29,000. Russell Investments Group Ltd. bought a new position in Better Home & Finance during the 3rd quarter valued at about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance during the 2nd quarter valued at about $33,000. Activest Wealth Management acquired a new position in Better Home & Finance in the fourth quarter valued at about $59,000. Finally, BNP Paribas Financial Markets acquired a new position in Better Home & Finance in the second quarter valued at about $72,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.