Better Home & Finance (NASDAQ:BETR) Stock: Insider J. Calamari Nicholas Sells 765 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) Director J. Nicholas sold 765 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.11, for a total value of $13,854.15. Following the completion of the sale, the director directly owned 67,852 shares of the company’s stock, valued at approximately $1,228,799.72. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

J. Calamari Nicholas also recently made the following trade(s):

• On Monday, October 19th, J. Nicholas sold 1,320 shares of Better Home & Finance stock. The stock was sold at an average price of $10.53, for a total value of $13,899.60.

Better Home & Finance Trading Down 8.1%

BETR traded down $1.64 during trading on Tuesday, hitting $18.51. 561,319 shares of the stock were exchanged, compared to its average volume of 1,132,685. Better Home & Finance Holding Company has a 1-year low of $7.51 and a 1-year high of $65.32. The stock has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $24.58.

Better Home & Finance (NASDAQ:BETR) last posted its quarterly earnings data on Monday, November 9th. The company reported ($1.93) earnings per share for the quarter, missing the consensus estimate of ($1.44) by ($0.49). The firm had revenue of $45.12 million during the quarter. Better Home & Finance had a negative net margin of 92.56% and a negative return on equity of 440.39%. On average, research analysts predict that Better Home & Finance Holding Company will post -7.98 EPS for the current year.

Institutional Trading of Better Home & Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC acquired a new stake in shares of Better Home & Finance in the 2nd quarter worth $6,985,000. Fifth Third Bancorp purchased a new stake in shares of Better Home & Finance in the first quarter valued at about $1,460,000. Jefferies Financial Group Inc. purchased a new stake in shares of Better Home & Finance in the third quarter valued at about $306,000. Bank of New York Mellon Corp acquired a new position in shares of Better Home & Finance during the second quarter worth about $518,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Better Home & Finance during the first quarter worth about $505,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Better Home & Finance

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
• Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
• Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice

Analysts Set New Price Targets

Several research firms recently commented on BETR. Cantor Fitzgerald reiterated an “overweight” rating on shares of Better Home & Finance in a research report on Wednesday, October 7th. BTIG Research decreased their price target on shares of Better Home & Finance from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 price objective on shares of Better Home & Finance in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Better Home & Finance in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.71.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.