Better Home & Finance (NASDAQ:BETR) General Counsel Sells $12,837.36 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) General Counsel Paula Tuffin sold 712 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.03, for a total value of $12,837.36. Following the completion of the transaction, the general counsel owned 42,418 shares in the company, valued at $764,796.54. This trade represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Paula Tuffin also recently made the following trade(s):

• On Monday, October 19th, Paula Tuffin sold 1,225 shares of Better Home & Finance stock. The stock was sold at an average price of $10.48, for a total value of $12,838.00.
• On Thursday, September 17th, Paula Tuffin sold 3,108 shares of Better Home & Finance stock. The stock was sold at an average price of $12.36, for a total value of $38,414.88.

Better Home & Finance Stock Up 1.8%

BETR opened at $15.68 on Friday. Better Home & Finance Holding Company has a fifty-two week low of $7.51 and a fifty-two week high of $62.50. The business has a 50-day moving average of $13.98 and a 200-day moving average of $24.43.

Better Home & Finance (NASDAQ:BETR) last announced its quarterly earnings results on Monday, November 9th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of ($1.44) by ($0.49). The firm had revenue of $45.12 million during the quarter. Better Home & Finance had a negative net margin of 92.56% and a negative return on equity of 475.83%. As a group, sell-side analysts anticipate that Better Home & Finance Holding Company will post -7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. CLSA upgraded shares of Better Home & Finance to a “buy” rating in a research note on Wednesday, September 9th. Northland Securities set a $18.00 price target on shares of Better Home & Finance in a research note on Wednesday, October 7th. B. Riley Financial cut their price target on shares of Better Home & Finance from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Capital set a $25.00 price objective on shares of Better Home & Finance in a research note on Thursday, August 13th. Finally, Weiss Ratings cut shares of Better Home & Finance from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 27th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.71.

Top Better Home & Finance Stories

Investors following BETR have been watching these stories:

• Positive Sentiment: Northland Securities maintained its Buy rating on BETR, providing a supportive analyst view amid negative headlines. Northland Securities rating
• Negative Sentiment: Multiple law firms publicized a securities class action and the November 20 lead-plaintiff deadline. The complaint alleges Better reaffirmed a $1 billion monthly loan-volume target while customer conversions were slowing; the proposed class period has also been expanded through August 6. Litigation risk and the allegations may weigh on investor sentiment. Class action allegations Expanded class period
• Negative Sentiment: Two company insiders—the general counsel and a director—reported small share sales. The sales were limited relative to their remaining holdings, but may add modestly to near-term caution. Insider sale report

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BETR. Russell Investments Group Ltd. raised its stake in shares of Better Home & Finance by 14.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,778 shares of the company’s stock valued at $53,000 after acquiring an additional 618 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Better Home & Finance in the 3rd quarter worth approximately $306,000. State of Wyoming lifted its holdings in Better Home & Finance by 210.4% in the 3rd quarter. State of Wyoming now owns 9,494 shares of the company’s stock worth $104,000 after purchasing an additional 6,435 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in Better Home & Finance in the 2nd quarter worth approximately $6,985,000. Finally, Bank of New York Mellon Corp bought a new stake in Better Home & Finance during the second quarter worth approximately $518,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

About Better Home & Finance

Better Home & Finance Holding Company operates a digital platform for homeownership, offering mortgage products and related services. Its platform is designed to help homebuyers apply for and manage home loans online, including purchase mortgages and refinancing. The company also provides home equity products and real estate services through its affiliated businesses. Its primary market is the United States, where it serves homebuyers and homeowners through a digital-first model. Founded in 2016 as Better.com by Vishal Garg, the company became publicly traded in 2023 following its business combination with Aurora Acquisition Corp. Garg is the company’s founder and has served as its chief executive officer.