Better Home & Finance (NASDAQ:BETR) Shares Gap Up – Here’s Why

Better Home & Finance Holding Company (NASDAQ:BETR) shares gapped up prior to trading on Friday . The stock had previously closed at $37.44, but opened at $40.90. Better Home & Finance shares last traded at $38.3150, with a volume of 328,593 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BETR shares. Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Finally, Northland Securities assumed coverage on shares of Better Home & Finance in a research report on Monday, October 6th. They issued a “market perform” rating for the company. 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, the company presently has an average rating of “Reduce”.

Better Home & Finance Trading Up 8.3%

The firm has a market cap of $636.87 million, a P/E ratio of -3.34 and a beta of 1.99. The business’s 50-day moving average is $46.17 and its two-hundred day moving average is $36.70.

Insider Transactions at Better Home & Finance

In related news, Director Bhaskar Menon purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average price of $33.94 per share, with a total value of $50,910.00. Following the acquisition, the director owned 1,500 shares in the company, valued at approximately $50,910. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $46.56, for a total value of $372,480.00. Following the transaction, the general counsel owned 32,344 shares of the company’s stock, valued at $1,505,936.64. This represents a 19.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 19,221 shares of company stock worth $828,651. 23.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Better Home & Finance

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gratia Capital LLC acquired a new stake in shares of Better Home & Finance in the second quarter valued at approximately $1,797,000. Geode Capital Management LLC raised its stake 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 valued at $1,609,000 after acquiring an additional 61,740 shares in the last quarter. Marshall Wace LLP raised its stake in Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after acquiring an additional 54,113 shares in the last quarter. UBS Group AG boosted its position in Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after acquiring an additional 30,869 shares during the period. Finally, Penserra Capital Management LLC bought a new position in shares of Better Home & Finance in the third quarter worth $1,647,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.