Better Home & Finance (NASDAQ:BETR) COO Sells $74,042.80 in Stock

Key Points

• Better Home & Finance COO Chad Smith sold 2,455 shares for about $74,043 at an average price of $30.16, reducing his direct ownership by 10.44%. The sale was made under a pre-arranged Rule 10b5-1 plan.
• The stock has been volatile, trading near $30.07 with a market cap of about $494.65 million, while still sitting well below its 50-day and 200-day moving averages. Its one-year range has been wide, from $10.81 to $94.06.
• Analyst views are mixed but lean positive overall: Better Home & Finance has a Moderate Buy consensus and an average price target of $46.50. However, recent earnings showed a larger-than-expected loss and second-quarter revenue guidance came in below consensus.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) COO Chad Smith sold 2,455 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $30.16, for a total transaction of $74,042.80. Following the transaction, the chief operating officer directly owned 21,061 shares of the company's stock, valued at $635,199.76. The trade was a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Better Home & Finance Price Performance

Shares of Better Home & Finance stock traded down $0.45 during trading hours on Friday, reaching $30.07. The company's stock had a trading volume of 1,135,600 shares, compared to its average volume of 643,046. The firm has a 50 day moving average price of $35.94 and a 200-day moving average price of $41.05. The stock has a market cap of $494.65 million, a P/E ratio of -2.55 and a beta of 1.83. Better Home & Finance Holding Company has a one year low of $10.81 and a one year high of $94.06.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Monday, April 20th. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a research report on Monday. They set a "buy" rating and a $53.00 target price on the stock. Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Finally, Cantor Fitzgerald upgraded shares of Better Home & Finance to a "strong-buy" rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.50.

Key Stories Impacting Better Home & Finance

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: CEO Vishal Garg bought 6,583 shares of BETR at $30.00 per share, signaling confidence in the company after the earnings release. The purchase increased his stake by about 10% and may help support investor sentiment. Vishal Garg Buys 6,583 Shares of Better Home & Finance NASDAQ: BETR Stock
• Neutral Sentiment: The company announced first-quarter 2026 results and showed some improvement versus last year, with a smaller per-share loss than the prior-year quarter, though results were still weak overall. Better Home & Finance Holding Company Announces First Quarter 2026 Results
• Negative Sentiment: BETR reported Q1 EPS of -$1.86, missing the Zacks consensus estimate of -$1.56, which reinforces concerns about profitability. Better Home & Finance Holding Company (BETR) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: The company also provided second-quarter revenue guidance of $53 million to $56 million, below the $61.6 million consensus estimate, suggesting near-term sales may come in weaker than expected. Better Home & Finance Holding Company Announces First Quarter 2026 Results
• Negative Sentiment: A separate earnings report showed a much larger-than-expected quarterly loss of $4.29 per share versus the $1.77 consensus estimate, highlighting ongoing earnings volatility. Better Home & Finance posted earnings results
• Negative Sentiment: COO Chad M. Smith sold 2,455 shares at $30.16, which may add to concerns about insider selling even though the trade was made under a pre-arranged 10b5-1 plan. SEC Form 4 filing for Chad M. Smith

Hedge Funds Weigh In On Better Home & Finance

A number of large investors have recently made changes to their positions in BETR. Jump Financial LLC purchased a new position in shares of Better Home & Finance during the 4th quarter worth about $2,457,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 68,977 shares during the period. Geode Capital Management LLC boosted 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 valued at $1,609,000 after buying an additional 61,740 shares during the period. Comerica Bank purchased a new stake in Better Home & Finance in the 4th quarter valued at about $1,819,000. Finally, Marshall Wace LLP boosted 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 valued at $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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.