Better Home & Finance (NASDAQ:BETR) Sees Strong Trading Volume - Time to Buy?

Key Points

• Better Home & Finance experienced a sharp increase in trading volume, with approximately 389,113 shares traded, representing a 72% rise from the prior session.
• The stock price has fallen by 8.0%, with the last trade recorded at $50.90, down from a previous close of $56.89.
• Recent analyst ratings show a consensus of "Reduce," with two analysts issuing a Hold rating and one upgrading it to Sell.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 389,113 shares were traded during mid-day trading, an increase of 72% from the previous session's volume of 226,237 shares.The stock last traded at $50.90 and had previously closed at $56.89.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BETR shares. Northland Securities started coverage on shares of Better Home & Finance in a research report on Monday, October 6th. They issued a "market perform" rating on the stock. Northland Capmk upgraded shares of Better Home & Finance to a "hold" rating in a research note on Monday, October 6th. Wall Street Zen cut shares of Better Home & Finance from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. 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.com, the company currently has a consensus rating of "Reduce".

Better Home & Finance Stock Down 8.0%

The firm has a market capitalization of $803.19 million, a PE ratio of -3.98 and a beta of 1.90. The business's fifty day moving average price is $32.08 and its 200 day moving average price is $19.69.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping analysts' consensus estimates of ($2.27) by $0.28. The firm 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 4,890 shares of the business's 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Pbra, Llc sold 995,660 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were 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. Over the last 90 days, insiders sold 1,030,497 shares of company stock valued at $51,504,973. 23.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors have recently bought and sold shares of BETR. Goldman Sachs Group Inc. lifted 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. Gratia Capital LLC bought a new stake in Better Home & Finance during the second quarter valued at $1,797,000. Geode Capital Management LLC increased 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 purchasing an additional 61,740 shares during the last quarter. Marshall Wace LLP grew its position in shares of Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock worth $1,113,000 after acquiring an additional 54,113 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new position in shares of Better Home & Finance during the second quarter worth about $293,000. 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.

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