Better Home & Finance (NASDAQ:BETR) Upgraded by Northland Capmk to “Hold” Rating

Northland Capmk upgraded shares of Better Home & Finance (NASDAQ:BETR) to a hold rating in a research note published on Monday,Zacks.com reports.

BETR has been the subject of several other research reports. Northland Securities assumed coverage on Better Home & Finance in a research note on Monday. They issued a “market perform” rating for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded Better Home & Finance from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Better Home & Finance Stock Performance

Shares of BETR opened at $57.81 on Monday. The business has a 50-day moving average of $28.36 and a 200 day moving average of $18.38. Better Home & Finance has a fifty-two week low of $7.71 and a fifty-two week high of $94.06. The firm has a market cap of $887.38 million, a P/E ratio of -4.38 and a beta of 1.90.

Better Home & Finance (NASDAQ:BETR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) earnings per share for the quarter, topping the consensus estimate of ($2.27) by $0.28. The firm had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $44.14 million.

Insider Transactions at Better Home & Finance

In other news, major shareholder Pbra, Llc sold 995,660 shares of Better Home & Finance stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $50.31, for a total transaction of $50,091,654.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $21.86, for a total value of $273,840.22. Following the sale, the chief accounting officer owned 9,451 shares of the company’s stock, valued at approximately $206,598.86. This trade represents a 57.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,013,079 shares of company stock valued at $50,472,434. Corporate insiders own 23.59% of the company’s stock.

Institutional Trading of Better Home & Finance

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted 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 worth $3,207,000 after buying an additional 8,924 shares during the last quarter. Gratia Capital LLC bought a new stake in Better Home & Finance in the 2nd quarter worth approximately $1,797,000. Geode Capital Management LLC lifted its position in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after buying an additional 61,740 shares during the last quarter. Marshall Wace LLP lifted its position in Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after buying an additional 54,113 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in Better Home & Finance in the second quarter valued at approximately $293,000. Institutional investors own 20.94% of the company’s stock.

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.