Better Home & Finance (NASDAQ:BETR) Trading Down 12.1% – Time to Sell?

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price was down 12.1% during mid-day trading on Friday . The company traded as low as $52.38 and last traded at $53.2650. Approximately 307,631 shares traded hands during trading, an increase of 9% from the average daily volume of 281,469 shares. The stock had previously closed at $60.58.

Analyst Upgrades and Downgrades

A number of research firms have commented on BETR. Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Northland Capmk raised shares of Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Finally, Northland Securities started coverage on Better Home & Finance in a research note on Monday, October 6th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Better Home & Finance has a consensus rating of “Reduce”.

Better Home & Finance Price Performance

The company has a market capitalization of $859.75 million, a price-to-earnings ratio of -4.24 and a beta of 1.92. The stock has a 50 day simple moving average of $51.84 and a two-hundred day simple moving average of $27.21.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, beating analysts’ consensus estimates of ($2.27) by $0.28. The business had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $44.14 million.

Insider Activity at Better Home & Finance

In other Better Home & Finance news, major shareholder Pbra, Llc sold 995,660 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $50.31, for a total transaction of $50,091,654.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO J. Calamari Nicholas sold 12,528 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $742,659.84. Following the sale, the chief accounting officer owned 11,341 shares of the company’s stock, valued at $672,294.48. This represents a 52.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,030,497 shares of company stock worth $51,504,973 over the last quarter. 23.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Better Home & Finance

Large investors have recently bought and sold shares of the stock. Gratia Capital LLC acquired a new stake in shares of Better Home & Finance during the second quarter worth about $1,797,000. Geode Capital Management LLC grew 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 worth $1,609,000 after buying an additional 61,740 shares during the last quarter. Marshall Wace LLP increased its position in Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after buying an additional 54,113 shares during the period. Penserra Capital Management LLC purchased a new stake in Better Home & Finance in the third quarter valued at approximately $1,647,000. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of Better Home & Finance in the second quarter valued at approximately $293,000. 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.