Better Home & Finance (NASDAQ:BETR) Shares Gap Down – Here’s What Happened

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) gapped down prior to trading on Wednesday . The stock had previously closed at $44.84, but opened at $36.03. Better Home & Finance shares last traded at $34.0940, with a volume of 908,726 shares.

Wall Street Analyst Weigh In

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

Better Home & Finance Price Performance

The stock has a market cap of $577.05 million, a PE ratio of -3.25 and a beta of 1.91. The stock has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $43.67.

Insider Transactions at Better Home & Finance

In other news, CEO Vishal Garg bought 10,600 shares of the stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of $29.49 per share, for a total transaction of $312,594.00. Following the transaction, the chief executive officer owned 42,060 shares of the company’s stock, valued at $1,240,349.40. The trade was a 33.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chad M. Smith sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $30.07, for a total value of $180,420.00. Following the transaction, the chief operating officer owned 15,590 shares of the company’s stock, valued at $468,791.30. This represents a 27.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 196,909 shares of company stock valued at $6,206,296 and have sold 38,112 shares valued at $1,224,407. 23.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Better Home & Finance during the 3rd quarter valued at approximately $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance during the third quarter worth approximately $31,000. Solstein Capital LLC increased its stake 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 acquiring an additional 661 shares during the last quarter. CWM LLC bought a new stake in Better Home & Finance during the third quarter worth approximately $42,000. Finally, BNP Paribas Financial Markets increased its stake in Better Home & Finance by 15.3% during the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock worth $378,000 after acquiring an additional 894 shares during the last quarter. 20.94% of the stock is currently owned by 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.