Better Home & Finance Holding Company (NASDAQ:BETR) Sees Significant Increase in Short Interest

Better Home & Finance Holding Company (NASDAQ:BETR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,020,000 shares, an increase of 120.0% from the September 15th total of 463,600 shares. Currently, 16.2% of the company’s stock are short sold. Based on an average daily volume of 543,100 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 543,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 16.2% of the company’s stock are short sold.

Insider Activity at Better Home & Finance

In other news, major shareholder Pbra, Llc sold 995,660 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $50.31, for a total value of $50,091,654.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO J. Calamari Nicholas sold 4,890 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $59.28, for a total value of $289,879.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,030,497 shares of company stock valued at $51,504,973. Company insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake 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 buying an additional 8,924 shares during the period. Gratia Capital LLC bought a new stake in Better Home & Finance during the second quarter valued at $1,797,000. Geode Capital Management LLC boosted its stake in Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after buying an additional 61,740 shares during the period. Marshall Wace LLP boosted its stake in Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in Better Home & Finance during the second quarter valued at $293,000. Institutional investors own 20.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BETR shares. Northland Securities started coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating for the company. Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Better Home & Finance Trading Up 10.0%

Shares of NASDAQ BETR opened at $63.35 on Monday. Better Home & Finance has a 1-year low of $7.71 and a 1-year high of $94.06. The stock has a fifty day simple moving average of $36.33 and a two-hundred day simple moving average of $21.28. The firm has a market cap of $972.42 million, a price-to-earnings ratio of -4.80 and a beta of 1.90.

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

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.