Better Home & Finance (NASDAQ:BETR) Stock Gets Price Target Trim from B. Riley Financial

Better Home & Finance (NASDAQ:BETR) had its price target decreased by B. Riley Financial from $26.00 to $23.00 in a research report sent to investors on Tuesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Zacks Research raised Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $42.00 price target on shares of Better Home & Finance in a report on Tuesday, August 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Better Home & Finance in a report on Wednesday, October 7th. BTIG Research dropped their price target on Better Home & Finance from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, Weiss Ratings downgraded shares of Better Home & Finance from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 27th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.71.

Better Home & Finance Stock Up 1.8%

NASDAQ BETR opened at $15.68 on Tuesday. The firm’s fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $24.43. Better Home & Finance has a 12-month low of $7.51 and a 12-month high of $62.50.

Better Home & Finance (NASDAQ:BETR) last issued its quarterly earnings data on Monday, November 9th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of ($1.44) by ($0.49). The business had revenue of $45.12 million for the quarter. Better Home & Finance had a negative net margin of 92.56% and a negative return on equity of 475.83%. On average, analysts predict that Better Home & Finance will post -7.98 earnings per share for the current fiscal year.

Insider Transactions at Better Home & Finance

In related news, insider Chad M. Smith sold 3,307 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 1,693 shares of the company’s stock, valued at $21,755.05. This represents a 66.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Jonsson Sigurgeir Orn sold 2,210 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $18.94, for a total value of $41,857.40. Following the completion of the transaction, the chief technology officer directly owned 9,602 shares in the company, valued at approximately $181,861.88. The trade was a 18.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 12,647 shares of company stock worth $176,196. Company insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whetstone Capital Advisors LLC acquired a new position in shares of Better Home & Finance in the second quarter valued at about $6,985,000. Fifth Third Bancorp purchased a new position in shares of Better Home & Finance in the first quarter worth about $1,460,000. Bank of New York Mellon Corp acquired a new stake in shares of Better Home & Finance during the second quarter worth about $518,000. Quantinno Capital Management LP acquired a new stake in shares of Better Home & Finance during the first quarter worth about $505,000. Finally, Stoic Point Capital Management LLC acquired a new stake in shares of Better Home & Finance during the first quarter worth about $467,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Better Home & Finance News Roundup

These are some of the BETR news items that stood out recently:

• 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: Recent results showed a larger-than-expected third-quarter loss: BETR reported a $1.93 loss per share versus the $1.44 loss analysts expected, while revenue and adjusted EBITDA also missed guidance and operating losses widened. These results underscore the difficulty of achieving profitability. Quarterly performance analysis

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.