Research analysts at Northland Securities assumed coverage on shares of Better Home & Finance (NASDAQ:BETR - Get Free Report) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the stock.
Several other research analysts have also issued reports on the company. Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Saturday, September 27th. Wall Street Zen upgraded Better Home & Finance from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".
Check Out Our Latest Analysis on Better Home & Finance
Better Home & Finance Price Performance
Shares of NASDAQ:BETR traded down $0.19 during trading hours on Monday, hitting $60.01. 375,428 shares of the company's stock traded hands, compared to its average volume of 208,236. Better Home & Finance has a 1 year low of $7.71 and a 1 year high of $94.06. The business has a fifty day moving average price of $27.48 and a 200-day moving average price of $18.07. The firm has a market capitalization of $917.61 million, a P/E ratio of -4.54 and a beta of 1.90.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analysts' expectations of $44.14 million.
Insider Buying and Selling
In related news, CAO J. Calamari Nicholas sold 12,527 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $21.86, for a total value of $273,840.22. Following the completion of the transaction, the chief accounting officer owned 9,451 shares of the company's stock, valued at $206,598.86. The trade was a 57.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Pbra, Llc sold 995,660 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 1,013,079 shares of company stock valued at $50,472,434 in the last three months. 23.59% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Better Home & Finance
Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company's stock worth $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 61,740 shares during the period. Marshall Wace LLP increased its position in shares of 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 acquiring an additional 54,113 shares during the period. XTX Topco Ltd acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at $197,000. Finally, Bank of America Corp DE increased its position in shares of Better Home & Finance by 87.6% in the 2nd quarter. Bank of America Corp DE now owns 13,871 shares of the company's stock valued at $172,000 after acquiring an additional 6,479 shares during the period. 20.94% of the stock is owned by institutional investors and hedge funds.
Better Home & Finance Company Profile
(
Get Free Report)
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.
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