Better Home & Finance (NASDAQ:BETR) COO Chad Smith Sells 2,378 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,378 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $47.67, for a total transaction of $113,359.26. Following the sale, the chief operating officer directly owned 33,590 shares in the company, valued at approximately $1,601,235.30. This represents a 6.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Better Home & Finance Trading Down 5.1%

BETR stock traded down $2.15 during mid-day trading on Monday, hitting $39.62. 610,408 shares of the company were exchanged, compared to its average volume of 309,147. The stock has a market capitalization of $622.03 million, a PE ratio of -3.25 and a beta of 1.96. The business has a 50 day simple moving average of $57.74 and a 200-day simple moving average of $34.21. Better Home & Finance Holding Company has a 1-year low of $7.71 and a 1-year high of $94.06.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gratia Capital LLC purchased a new stake in shares of Better Home & Finance in the 2nd quarter valued at $1,797,000. Geode Capital Management LLC lifted its holdings in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after buying an additional 61,740 shares in the last quarter. Marshall Wace LLP boosted its position in Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares during the period. UBS Group AG boosted its stake in shares of Better Home & Finance by 127.6% in the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock valued at $3,091,000 after buying an additional 30,869 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Better Home & Finance in the third quarter valued at approximately $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.