Wall Street Zen Upgrades Better Home & Finance (NASDAQ:BETR) to Hold

Better Home & Finance (NASDAQ:BETR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Better Home & Finance Price Performance

Shares of NASDAQ BETR opened at $24.99 on Friday. The business’s 50 day moving average is $17.02 and its two-hundred day moving average is $14.13. The stock has a market capitalization of $382.10 million, a P/E ratio of -1.89 and a beta of 1.57. Better Home & Finance has a 1-year low of $7.71 and a 1-year high of $25.94.

Better Home & Finance (NASDAQ:BETR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.27) by $0.28. The firm had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.14 million. Better Home & Finance had a negative net margin of 153.25% and a negative return on equity of 1,105.80%.

Insider Buying and Selling at Better Home & Finance

In other news, CAO J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $21.86, for a total transaction of $273,840.22. Following the completion of the sale, the chief accounting officer owned 9,451 shares in the company, valued at $206,598.86. The trade was a 57.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.59% of the company’s stock.

Institutional Trading of Better Home & Finance

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Better Home & Finance in the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Better Home & Finance in the second quarter valued at approximately $33,000. BNP Paribas Financial Markets acquired a new stake in shares of Better Home & Finance in the second quarter valued at approximately $72,000. New York State Common Retirement Fund acquired a new stake in shares of Better Home & Finance in the second quarter valued at $100,000. Finally, Bank of America Corp DE lifted its holdings in Better Home & Finance by 87.6% during the 2nd quarter. Bank of America Corp DE now owns 13,871 shares of the company’s stock worth $172,000 after buying an additional 6,479 shares during the last quarter. Institutional investors and hedge funds 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.