Better Home & Finance Holding (NASDAQ:BETR) Director Acquires $597,163.20 in Stock

Better Home & Finance Holding (NASDAQ:BETR) Director Prabhu Narasimhan purchased 42,352 shares of the stock in a transaction dated Friday, May 16th. The stock was purchased at an average price of $14.10 per share, for a total transaction of $597,163.20. Following the completion of the acquisition, the director now directly owns 59,915 shares in the company, valued at approximately $844,801.50. This represents a 241.14% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Better Home & Finance Trading Down 3.7%

NASDAQ BETR opened at $12.93 on Friday. Better Home & Finance Holding has a 52 week low of $7.71 and a 52 week high of $30.00. The company has a 50 day moving average price of $12.80 and a 200 day moving average price of $11.86. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 12.43. The firm has a market cap of $196.15 million, a PE ratio of -0.97 and a beta of 1.69.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($2.81) earnings per share (EPS) for the quarter. Better Home & Finance had a negative return on equity of 300.92% and a negative net margin of 187.29%. The firm had revenue of $24.98 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Better Home & Finance stock. Brooklyn FI LLC purchased a new position in Better Home & Finance Holding (NASDAQ:BETR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 235,712 shares of the company’s stock, valued at approximately $2,103,000. Brooklyn FI LLC owned approximately 1.56% of Better Home & Finance as of its most recent filing with the Securities and Exchange Commission (SEC). 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.