Better Home & Finance (NASDAQ:BETR) COO Chad Smith Sells 2,843 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,843 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $35.15, for a total value of $99,931.45. Following the sale, the chief operating officer owned 27,590 shares of the company’s stock, valued at approximately $969,788.50. This represents a 9.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Better Home & Finance Price Performance

Shares of BETR stock opened at $39.87 on Friday. The company has a market cap of $625.96 million, a price-to-earnings ratio of -3.27 and a beta of 1.99. The stock’s fifty day moving average price is $45.50 and its 200 day moving average price is $36.89. Better Home & Finance Holding Company has a 1-year low of $7.71 and a 1-year high of $94.06.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in Better Home & Finance during the 2nd quarter worth approximately $293,000. Geode Capital Management LLC increased its position in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Better Home & Finance in the 2nd quarter valued at $29,000. Finally, XTX Topco Ltd purchased a new position in Better Home & Finance in the 2nd quarter valued at $197,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Analyst Ratings Changes

BETR has been the subject of a number of research reports. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Securities began coverage on shares of Better Home & Finance in a report on Monday, October 6th. They issued a “market perform” rating on the stock. Finally, Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Better Home & Finance presently has an average rating of “Reduce”.

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.