Better Home & Finance (NASDAQ:BETR) Sees Strong Trading Volume - What's Next?

Key Points

• Better Home & Finance's stock (NASDAQ:BETR) experienced a significant increase in trading volume, with 221,965 shares traded, up 21% from the previous session.
• Wall Street analysts have upgraded the stock's rating from "sell" to "hold" in light of its recent performance, despite the stock falling 7.8% to $55.05.
• Insider transactions revealed major shareholder Pbra, LLC sold nearly 1 million shares at an average price of $50.31, indicating notable moves by corporate insiders.

Shares of Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) saw strong trading volume on Tuesday . 221,965 shares were traded during trading, an increase of 21% from the previous session's volume of 183,950 shares.The stock last traded at $55.05 and had previously closed at $58.79.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th.

Better Home & Finance Trading Down 7.8%

The stock has a market cap of $828.47 million, a price-to-earnings ratio of -4.10 and a beta of 1.58. The business's fifty day simple moving average is $24.03 and its 200 day simple moving average is $16.79.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its quarterly 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. Better Home & Finance had a negative net margin of 153.25% and a negative return on equity of 1,105.80%. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $44.14 million.

Insider Buying and Selling

In other Better Home & Finance news, major shareholder Pbra, Llc sold 995,660 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO J. Calamari Nicholas sold 12,527 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $21.86, for a total transaction of $273,840.22. Following the completion of the sale, the chief accounting officer directly owned 9,451 shares in the company, valued at approximately $206,598.86. The trade was a 57.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,013,079 shares of company stock valued at $50,472,434. Corporate insiders own 23.59% of the company's stock.

Institutional Investors Weigh In On Better Home & Finance

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company's stock worth $3,207,000 after acquiring an additional 8,924 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $293,000. Geode Capital Management LLC boosted its position in shares of Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company's stock worth $1,609,000 after acquiring an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the 2nd quarter valued at approximately $29,000. Finally, XTX Topco Ltd bought a new position in Better Home & Finance in the 2nd quarter valued at approximately $197,000. 20.94% of the stock is owned by 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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