Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $53.02, but opened at $56.72. Better Home & Finance shares last traded at $63.22, with a volume of 683,489 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Better Home & Finance from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th.
View Our Latest Report on Better Home & Finance
Better Home & Finance Stock Up 14.1%
The business has a fifty day moving average of $23.12 and a 200 day moving average of $16.47. The firm has a market cap of $925.20 million, a P/E ratio of -4.58 and a beta of 1.57.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, beating analysts' consensus estimates of ($2.27) by $0.28. The business had revenue of $44.14 million during the quarter, compared to the consensus estimate of $44.14 million. Better Home & Finance had a negative return on equity of 1,105.80% and a negative net margin of 153.25%.
Insider Activity
In other news, CAO J. Calamari Nicholas sold 12,527 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $21.86, for a total transaction of $273,840.22. Following the completion of the transaction, the chief accounting officer directly owned 9,451 shares of the company's stock, valued at $206,598.86. This represents a 57.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Pbra, Llc sold 995,660 shares of the company's stock in a transaction dated 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 have sold 1,013,079 shares of company stock valued at $50,472,434 over the last ninety days. 23.59% of the stock is owned by insiders.
Hedge Funds Weigh In On Better Home & Finance
A number of large investors have recently made changes to their positions in the company. Gratia Capital LLC bought a new position in shares of Better Home & Finance during the second quarter worth approximately $1,797,000. BNP Paribas Financial Markets acquired a new stake in Better Home & Finance during the second quarter worth approximately $72,000. Bank of America Corp DE grew 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Better Home & Finance during the second quarter worth approximately $33,000. Finally, Marshall Wace LLP grew its position in 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 buying an additional 54,113 shares in the last quarter. Institutional investors own 20.94% of the company's stock.
About Better Home & Finance
(
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.
See Also
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