Better Home & Finance Holding Company (BETR) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus: Eight of 10 covering brokerages rate BETR a buy, while one recommends hold and one sell. Their average 12-month price target is $23.71.
• Better Home & Finance reported a quarterly loss of $1.93 per share, missing the $1.44 loss analysts expected. The stock has fallen 16.8% and trades well below its 200-day moving average.
• Recent coverage cites 15% growth in third-quarter loan volume and a shift toward partner-driven originations, but the company missed guidance; a securities class-action lawsuit also adds uncertainty.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.71.

Several analysts have issued reports on BETR shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Better Home & Finance in a research note on Wednesday, October 7th. CLSA raised shares of Better Home & Finance to a "buy" rating in a research note on Wednesday, September 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Better Home & Finance in a research note on Tuesday. Weiss Ratings lowered shares of Better Home & Finance from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, October 27th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th.

Trending Headlines about Better Home & Finance

These are some of the BETR headlines that stood out recently:

• Positive Sentiment: Third-quarter loan volume rose 15%, and management is shifting toward partner-driven originations while using its Tinman AI platform. The growth and strategic changes are potential positives, although they have yet to translate into results that meet guidance. Seeking Alpha analysis
• Negative Sentiment: Several law firms renewed notices about a securities class action, with a November 20 deadline to seek lead-plaintiff status. The lawsuit alleges Better reaffirmed a $1 billion monthly funded-volume target despite slowing customer conversions. These remain allegations, but the litigation adds uncertainty. Class action alert
• Negative Sentiment: Two insiders disclosed small stock sales: the general counsel sold 712 shares and a director sold 765 shares. The sales were limited relative to their remaining holdings, but may add to cautious sentiment. Insider transaction report

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, General Counsel Paula Tuffin sold 3,108 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $12.36, for a total transaction of $38,414.88. Following the transaction, the general counsel directly owned 40,931 shares of the company's stock, valued at approximately $505,907.16. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Jonsson Sigurgeir Orn sold 2,210 shares of the company's stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $18.94, for a total transaction of $41,857.40. Following the completion of the transaction, the chief technology officer owned 9,602 shares of the company's stock, valued at $181,861.88. This trade represents a 18.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,647 shares of company stock valued at $176,196. 27.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors have recently bought and sold shares of the stock. Whetstone Capital Advisors LLC purchased a new stake in Better Home & Finance in the second quarter worth about $6,985,000. Fifth Third Bancorp bought a new position in shares of Better Home & Finance in the 1st quarter worth approximately $1,460,000. Jefferies Financial Group Inc. bought a new position in shares of Better Home & Finance in the 3rd quarter worth approximately $306,000. Bank of New York Mellon Corp bought a new position in shares of Better Home & Finance in the 2nd quarter worth approximately $518,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Better Home & Finance in the 1st quarter valued at approximately $505,000. 20.94% of the stock is owned by institutional investors.

Better Home & Finance Stock Down 16.8%

Shares of BETR stock opened at $15.40 on Thursday. The business has a 50-day moving average price of $13.92 and a two-hundred day moving average price of $24.50. Better Home & Finance has a 12-month low of $7.51 and a 12-month high of $65.32. The firm has a market cap of $292.60 million, a P/E ratio of -1.48 and a beta of 1.66.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of ($1.44) by ($0.49). The firm had revenue of $45.12 million for the quarter. Better Home & Finance had a negative net margin of 92.56% and a negative return on equity of 475.83%. As a group, research analysts expect that Better Home & Finance will post -7.98 EPS for the current fiscal year.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.

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