Better Home & Finance (NASDAQ:BETR - Get Free Report)'s stock had its "sell (e+)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.
Other research analysts have also issued research reports about the stock. Northland Capmk upgraded shares of Better Home & Finance to a "hold" rating in a research note on Monday, October 6th. Northland Securities started coverage on shares of Better Home & Finance in a research note on Monday, October 6th. They issued a "market perform" rating on the stock. Finally, Wall Street Zen lowered shares of Better Home & Finance from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce".
Read Our Latest Stock Report on Better Home & Finance
Better Home & Finance Stock Down 7.6%
Shares of Better Home & Finance stock traded down $6.55 during midday trading on Friday, hitting $79.52. The company's stock had a trading volume of 1,150,443 shares, compared to its average volume of 268,327. Better Home & Finance has a 1-year low of $7.71 and a 1-year high of $94.06. The firm has a market capitalization of $1.22 billion, a P/E ratio of -6.02 and a beta of 1.90. The stock has a 50-day simple moving average of $41.24 and a 200-day simple moving average of $22.97.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping analysts' consensus estimates of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.14 million.
Insider Buying and Selling
In other Better Home & Finance news, CAO J. Calamari Nicholas sold 4,890 shares of Better Home & Finance stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $59.28, for a total value of $289,879.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Pbra, Llc sold 995,660 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $50.31, for a total transaction of $50,091,654.60. The disclosure for this sale can be found here. Insiders sold 1,030,497 shares of company stock valued at $51,504,973 over the last quarter. Corporate insiders own 23.59% of the company's stock.
Hedge Funds Weigh In On Better Home & Finance
Several hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new position in Better Home & Finance during the third quarter worth $42,000. Gratia Capital LLC acquired a new position in Better Home & Finance during the second quarter worth $1,797,000. BNP Paribas Financial Markets acquired a new position in Better Home & Finance during the second quarter worth $72,000. Bank of America Corp DE increased its position in Better Home & Finance by 87.6% during the second quarter. Bank of America Corp DE now owns 13,871 shares of the company's stock worth $172,000 after buying an additional 6,479 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Better Home & Finance during the second quarter worth $33,000. 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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