Shares of Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) fell 11.5% on Wednesday . The company traded as low as $67.01 and last traded at $66.31. 223,161 shares were traded during mid-day trading, a decline of 12% from the average session volume of 253,006 shares. The stock had previously closed at $74.89.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BETR. Northland Securities began coverage on Better Home & Finance in a research report on Monday, October 6th. They issued a "market perform" rating for the company. Wall Street Zen cut Better Home & Finance from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Northland Capmk upgraded Better Home & Finance to a "hold" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
Read Our Latest Research Report on Better Home & Finance
Better Home & Finance Stock Performance
The stock has a market cap of $976.41 million, a PE ratio of -4.82 and a beta of 1.90. The business has a 50-day moving average of $38.89 and a 200 day moving average of $22.14.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.27) by $0.28. The business had revenue of $44.14 million during the quarter, compared to analyst estimates of $44.14 million.
Insider Transactions at Better Home & Finance
In other Better Home & Finance news, CAO J. Calamari Nicholas sold 4,890 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $59.28, for a total value of $289,879.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Pbra, Llc sold 995,660 shares of the firm'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. Over the last three months, insiders sold 1,030,497 shares of company stock worth $51,504,973. 23.59% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Better Home & Finance
Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company's stock valued at $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Better Home & Finance by 90.6% in the 2nd 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 in the last quarter. Marshall Wace LLP lifted its stake in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock valued at $1,113,000 after purchasing an additional 54,113 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at about $197,000. Finally, Bank of America Corp DE lifted its stake in shares of Better Home & Finance by 87.6% in the 2nd quarter. Bank of America Corp DE now owns 13,871 shares of the company's stock valued at $172,000 after purchasing an additional 6,479 shares in the last quarter. 20.94% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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