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

Key Points

• Better Home & Finance (NASDAQ:BETR) experienced an 88% surge in trading volume with approximately 459,079 shares traded compared to the previous session.
• Northland Capital Markets upgraded BETR to a "hold" rating, while Weiss Ratings assigned a "sell" rating, resulting in an average analyst rating of "Reduce" for the stock.
• Insiders of Better Home & Finance sold over 1 million shares worth approximately $51.5 million in the last quarter, indicating potential concerns about company performance.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 459,079 shares changed hands during trading, an increase of 88% from the previous session's volume of 244,237 shares.The stock last traded at $75.78 and had previously closed at $63.35.

Analyst Ratings Changes

BETR has been the topic of a number of research reports. Northland Capmk upgraded shares of Better Home & Finance to a "hold" rating in a report on Monday, October 6th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Better Home & Finance from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Finally, Northland Securities assumed coverage on shares of Better Home & Finance in a report on Monday, October 6th. They set a "market perform" rating on the stock. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Better Home & Finance Trading Up 28.4%

The company's 50 day moving average is $36.33 and its 200 day moving average is $21.28. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -6.16 and a beta of 1.90.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping the consensus estimate of ($2.27) by $0.28. The company had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.14 million.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, major shareholder Pbra, Llc sold 995,660 shares of the firm's stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO J. Calamari Nicholas sold 4,890 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $289,879.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,497 shares of company stock worth $51,504,973 over the last quarter. 23.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BETR. Goldman Sachs Group Inc. grew its position in 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 purchasing an additional 8,924 shares during the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $293,000. Geode Capital Management LLC boosted its holdings in shares of Better Home & Finance by 90.6% in the second 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $29,000. Finally, XTX Topco Ltd purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $197,000. 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.

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