Better Home & Finance (NASDAQ:BETR) Trading Down 11.8% – Time to Sell?

Better Home & Finance Holding Company (NASDAQ:BETR)’s share price dropped 11.8% during mid-day trading on Thursday . The stock traded as low as $41.70 and last traded at $40.48. Approximately 195,435 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 486,998 shares. The stock had previously closed at $45.89.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BETR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised Better Home & Finance from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.00.

Better Home & Finance Trading Down 9.3%

The company’s 50-day moving average price is $34.11 and its two-hundred day moving average price is $42.27. The company has a market cap of $684.98 million, a P/E ratio of -3.83 and a beta of 1.91.

Insider Buying and Selling at Better Home & Finance

In related news, CTO Jonsson Sigurgeir Orn purchased 1,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were bought at an average price of $36.09 per share, with a total value of $36,090.00. Following the completion of the acquisition, the chief technology officer owned 3,497 shares of the company’s stock, valued at approximately $126,206.73. This represents a 40.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ventures Iv L.P. Framework acquired 54,384 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were bought at an average price of $32.96 per share, with a total value of $1,792,496.64. Following the transaction, the insider directly owned 1,006,696 shares in the company, valued at approximately $33,180,700.16. The trade was a 5.71% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 268,893 shares of company stock valued at $8,603,664 and sold 24,112 shares valued at $695,807. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new position in shares of Better Home & Finance in the 4th quarter valued at $2,457,000. Goldman Sachs Group Inc. raised its holdings in Better Home & Finance by 1,465.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock worth $2,401,000 after buying an additional 68,977 shares during the period. Geode Capital Management LLC lifted 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 in the last quarter. Comerica Bank acquired a new position in shares of Better Home & Finance in the fourth quarter worth about $1,819,000. Finally, Marshall Wace LLP boosted its holdings in shares of Better Home & Finance by 151.6% in the second 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 period. 20.94% of the stock is owned by hedge funds and other institutional investors.

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.