Better Home & Finance (NASDAQ:BETR) Stock Price Up 5.1% – Here’s What Happened

Better Home & Finance Holding Company (NASDAQ:BETR)’s share price traded up 5.1% during trading on Wednesday . The company traded as high as $37.61 and last traded at $37.7510. 195,147 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 313,010 shares. The stock had previously closed at $35.92.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BETR shares. Northland Securities assumed coverage on Better Home & Finance in a report on Monday, October 6th. They issued a “market perform” rating for the company. Northland Capmk raised Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Better Home & Finance Price Performance

The stock has a market cap of $592.68 million, a price-to-earnings ratio of -3.10 and a beta of 1.95. The business has a fifty day moving average of $55.24 and a 200 day moving average of $35.21.

Insider Transactions at Better Home & Finance

In related news, CAO J. Calamari Nicholas sold 12,528 shares of the firm’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 value of $742,659.84. Following the transaction, the chief accounting officer directly owned 11,341 shares of the company’s stock, valued at approximately $672,294.48. This trade represents a 52.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chad M. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $40.48, for a total value of $242,880.00. Following the completion of the sale, the chief operating officer owned 27,590 shares of the company’s stock, valued at approximately $1,116,843.20. This trade represents a 17.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,796 shares of company stock worth $1,761,258 in the last 90 days. 23.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Better Home & Finance

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in Better Home & Finance during the second quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in Better Home & Finance in the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. bought a new position in Better Home & Finance in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance in the second quarter valued at about $33,000. Finally, CWM LLC acquired a new position in Better Home & Finance in the third quarter valued at approximately $42,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.