Better Home & Finance (NASDAQ:BETR) Shares Down 5.3% After Insider Selling

Better Home & Finance Holding Company (NASDAQ:BETR) fell 5.3% during trading on Wednesday following insider selling activity. The company traded as low as $36.22 and last traded at $36.7850. 183,488 shares changed hands during trading, a decline of 63% from the average session volume of 489,742 shares. The stock had previously closed at $38.84.

Specifically, General Counsel Paula Tuffin sold 8,000 shares of Better Home & Finance stock in a transaction on Monday, January 12th. The shares were sold at an average price of $38.55, for a total transaction of $308,400.00. Following the completion of the transaction, the general counsel owned 26,198 shares of the company’s stock, valued at $1,009,932.90. This trade represents a 23.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chad M. Smith sold 2,843 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $35.15, for a total transaction of $99,931.45. Following the sale, the chief operating officer directly owned 27,590 shares in the company, valued at $969,788.50. This trade represents a 9.34% decrease in their position. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

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

Better Home & Finance Stock Performance

The company’s fifty day simple moving average is $42.87 and its two-hundred day simple moving average is $37.75.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after buying an additional 8,924 shares during the last quarter. Gratia Capital LLC bought a new stake in shares of Better Home & Finance in the 2nd quarter worth $1,797,000. Daymark Wealth Partners LLC purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $293,000. Quadrature Capital Ltd bought a new position in shares of Better Home & Finance during the second quarter valued at about $173,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Better Home & Finance by 15.3% during the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock valued at $378,000 after purchasing an additional 894 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

About Better Home & Finance

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.