Better Home & Finance (NASDAQ:BETR) Shares Down 8.7% – What’s Next?

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) were down 8.7% during mid-day trading on Thursday . The company traded as low as $43.57 and last traded at $46.20. Approximately 209,749 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 303,613 shares. The stock had previously closed at $50.63.

Analysts Set New Price Targets

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

Better Home & Finance Trading Down 2.9%

The company has a market cap of $772.03 million, a price-to-earnings ratio of -4.02 and a beta of 1.95. The stock’s 50 day moving average price is $58.65 and its 200 day moving average price is $33.44.

Insiders Place Their Bets

In other Better Home & Finance news, CAO J. Calamari Nicholas sold 12,528 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $742,659.84. Following the completion of the sale, the chief accounting officer owned 11,341 shares of the company’s stock, valued at approximately $672,294.48. The trade was a 52.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Pbra, Llc sold 995,660 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $50.31, for a total value of $50,091,654.60. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,013,078 shares of company stock worth $51,124,194. 23.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of 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 acquiring an additional 8,924 shares during the period. Daymark Wealth Partners LLC acquired a new position in shares of Better Home & Finance during the second quarter worth about $293,000. Geode Capital Management LLC grew its stake in shares of Better Home & Finance by 90.6% in 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 in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance in the second quarter valued at about $29,000. Finally, XTX Topco Ltd purchased a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $197,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.