Better Home & Finance (NASDAQ:BETR) Stock: Insider Paula Tuffin Sells 712 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) General Counsel Paula Tuffin sold 712 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.03, for a total transaction of $12,837.36. Following the completion of the sale, the general counsel directly owned 42,418 shares in the company, valued at approximately $764,796.54. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paula Tuffin also recently made the following trade(s):

• On Monday, October 19th, Paula Tuffin sold 1,225 shares of Better Home & Finance stock. The stock was sold at an average price of $10.48, for a total transaction of $12,838.00.
• On Thursday, September 17th, Paula Tuffin sold 3,108 shares of Better Home & Finance stock. The stock was sold at an average price of $12.36, for a total transaction of $38,414.88.

Better Home & Finance Stock Down 8.1%

NASDAQ BETR traded down $1.64 during trading on Tuesday, reaching $18.51. 561,319 shares of the company traded hands, compared to its average volume of 1,132,685. The stock’s 50 day moving average price is $13.85 and its two-hundred day moving average price is $24.58. Better Home & Finance Holding Company has a 1-year low of $7.51 and a 1-year high of $65.32.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Monday, November 9th. The company reported ($1.93) earnings per share for the quarter, missing the consensus estimate of ($1.44) by ($0.49). Better Home & Finance had a negative net margin of 92.56% and a negative return on equity of 440.39%. The company had revenue of $45.12 million during the quarter. Equities analysts forecast that Better Home & Finance Holding Company will post -7.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BETR shares. Zacks Research upgraded Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. B. Riley Financial cut their price objective on Better Home & Finance from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings downgraded shares of Better Home & Finance from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 27th. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, September 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Better Home & Finance in a report on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.71.

Institutional Trading of Better Home & Finance

Several hedge funds have recently modified their holdings of the company. Whetstone Capital Advisors LLC bought a new position in shares of Better Home & Finance in the second quarter valued at approximately $6,985,000. Fifth Third Bancorp acquired a new position in shares of Better Home & Finance in the 1st quarter worth approximately $1,460,000. Jefferies Financial Group Inc. acquired a new position in shares of Better Home & Finance in the 3rd quarter worth approximately $306,000. Bank of New York Mellon Corp acquired a new position in shares of Better Home & Finance in the 2nd quarter worth approximately $518,000. Finally, Quantinno Capital Management LP bought a new stake in Better Home & Finance during the 1st quarter worth approximately $505,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Better Home & Finance News Summary

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
• Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
• Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.