Better Home & Finance (NASDAQ:BETR) Trading Down 5.3% – Here’s Why

Better Home & Finance Holding Company (NASDAQ:BETR) shares fell 5.3% during trading on Tuesday . The company traded as low as $34.50 and last traded at $34.3830. 57,293 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 291,332 shares. The stock had previously closed at $36.30.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BETR. Northland Capmk raised Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities began coverage on Better Home & Finance in a report on Monday, October 6th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Better Home & Finance presently has a consensus rating of “Reduce”.

Better Home & Finance Stock Down 5.1%

The stock has a fifty day moving average price of $48.57 and a 200-day moving average price of $36.56. The firm has a market cap of $540.63 million, a price-to-earnings ratio of -2.82 and a beta of 1.99.

Insider Transactions at Better Home & Finance

In related news, General Counsel Paula Tuffin sold 8,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $46.56, for a total transaction of $372,480.00. Following the completion of the transaction, the general counsel directly owned 32,344 shares of the company’s stock, valued at $1,505,936.64. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Chad M. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $40.48, for a total value of $242,880.00. Following the transaction, the chief operating officer owned 27,590 shares in the company, valued at $1,116,843.20. The trade was a 17.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,378 shares of company stock worth $728,719 over the last ninety days. 23.59% of the stock is currently owned by company insiders.

Institutional Trading of Better Home & Finance

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Better Home & Finance during the third quarter worth about $29,000. Russell Investments Group Ltd. purchased a new position in Better Home & Finance in the 3rd quarter valued at approximately $31,000. CWM LLC purchased a new position in Better Home & Finance in the 3rd quarter valued at approximately $42,000. Solstein Capital LLC boosted its position in Better Home & Finance by 42.6% during the third quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Better Home & Finance in the second quarter valued at $29,000. Hedge funds and other institutional investors 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.