Better Home & Finance (NASDAQ:BETR) COO Sells 2,567 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,567 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $29.80, for a total value of $76,496.60. Following the completion of the sale, the chief operating officer owned 20,949 shares of the company’s stock, valued at approximately $624,280.20. This represents a 10.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Better Home & Finance Trading Up 8.8%

Shares of BETR traded up $2.52 during midday trading on Tuesday, reaching $31.22. 601,055 shares of the company were exchanged, compared to its average volume of 442,066. Better Home & Finance Holding Company has a 1-year low of $9.50 and a 1-year high of $94.06. The stock has a 50-day moving average price of $32.25 and a 200-day moving average price of $42.77. The company has a market cap of $490.15 million, a price-to-earnings ratio of -2.89 and a beta of 1.98.

Analysts Set New Price Targets

BETR has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in Better Home & Finance during the second quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in shares of Better Home & Finance in the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new position in shares of Better Home & Finance in the 3rd quarter valued at about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $33,000. Finally, CWM LLC acquired a new stake in Better Home & Finance during the third quarter worth about $42,000. Hedge funds and other institutional investors 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.