Chad Smith Sells 2,056 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,056 shares of Better Home & Finance stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $27.98, for a total value of $57,526.88. Following the completion of the sale, the chief operating officer directly owned 19,534 shares in the company, valued at approximately $546,561.32. This represents a 9.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Better Home & Finance Stock Up 2.4%

Shares of BETR stock traded up $0.67 on Tuesday, reaching $28.58. The stock had a trading volume of 302,225 shares, compared to its average volume of 415,029. Better Home & Finance Holding Company has a 12 month low of $8.90 and a 12 month high of $94.06. The firm’s 50-day moving average is $35.60 and its two-hundred day moving average is $40.03.

Hedge Funds Weigh In On Better Home & Finance

Several institutional investors have recently made changes to their positions in BETR. Vanguard Group Inc. grew its position in Better Home & Finance by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after purchasing an additional 6,374 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Geode Capital Management LLC lifted its stake in Better Home & Finance by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock valued at $4,927,000 after acquiring an additional 11,922 shares in the last quarter. Gratia Capital LLC purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $1,797,000. Finally, Marshall Wace LLP boosted its holdings 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 purchasing an additional 54,113 shares during the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Better Home & Finance currently has a consensus rating of “Hold” and an average target price of $40.00.

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.