Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) traded up 12.5% on Thursday . The stock traded as high as $72.65 and last traded at $74.15. 205,886 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 258,056 shares. The stock had previously closed at $65.93.
Analyst Ratings Changes
A number of brokerages have recently commented on BETR. Weiss Ratings reissued a "sell (e+)" rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Capmk raised Better Home & Finance to a "hold" rating in a research report on Monday, October 6th. Northland Securities began coverage on Better Home & Finance in a research report on Monday, October 6th. They set a "market perform" rating for the company. Finally, Wall Street Zen downgraded Better Home & Finance from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Better Home & Finance has an average rating of "Reduce".
View Our Latest Stock Report on Better Home & Finance
Better Home & Finance Price Performance
The firm has a 50 day moving average of $39.86 and a two-hundred day moving average of $22.45. The stock has a market cap of $1.24 billion, a PE ratio of -6.12 and a beta of 1.90.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share for the quarter, topping the consensus estimate of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analysts' expectations of $44.14 million.
Insider Activity at Better Home & Finance
In related news, major shareholder Pbra, Llc sold 995,660 shares of the business'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 transaction of $50,091,654.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO J. Calamari Nicholas sold 4,890 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $59.28, for a total value of $289,879.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,030,497 shares of company stock valued at $51,504,973. 23.59% of the stock is owned by company insiders.
Institutional Investors Weigh In On Better Home & Finance
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the second quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance in the second quarter valued at approximately $33,000. CWM LLC purchased a new stake in Better Home & Finance in the third quarter valued at approximately $42,000. BNP Paribas Financial Markets purchased a new stake in Better Home & Finance in the second quarter valued at approximately $72,000. Finally, New York State Common Retirement Fund purchased a new stake in Better Home & Finance in the second quarter valued at approximately $100,000. Hedge funds and other 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.
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