Better Home & Finance (NASDAQ:BETR) General Counsel Sells $38,414.88 in Stock

Key Points

• General Counsel Paula Tuffin sold 3,108 shares of Better Home & Finance at an average price of $12.36, totaling $38,414.88. The sale was made to cover tax withholding on vested equity awards, reducing her ownership by 7.06% to 40,931 shares.
• BETR shares recently traded at $12.42, near their 12-month low of $11.11 and well below the 12-month high of $94.06. The company reported a quarterly loss of $1.64 per share, missing estimates, on $54.7 million in revenue.
• Analyst sentiment remains broadly positive, with seven Buy ratings and a consensus “Moderate Buy” rating; the average target price is $27.86. However, the company continues to report significant losses, with analysts expecting a full-year loss of $7.98 per share.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) General Counsel Paula Tuffin sold 3,108 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 40,931 shares in the company, valued at approximately $505,907.16. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Better Home & Finance Price Performance

Shares of Better Home & Finance stock traded up $0.36 during trading on Monday, hitting $12.42. 391,895 shares of the stock were exchanged, compared to its average volume of 501,207. The firm's 50-day moving average price is $16.55 and its 200 day moving average price is $26.26. Better Home & Finance Holding Company has a 12-month low of $11.11 and a 12-month high of $94.06.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.23). The business had revenue of $54.70 million during the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. Equities analysts expect that Better Home & Finance Holding Company will post -7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. B. Riley Financial started coverage on shares of Better Home & Finance in a research note on Wednesday, September 9th. They issued a "buy" rating on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $42.00 target price on shares of Better Home & Finance in a report on Tuesday, August 4th. Roth Capital set a $25.00 target price on shares of Better Home & Finance in a research report on Thursday, August 13th. Wall Street Zen lowered shares of Better Home & Finance from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 12th. Finally, CLSA raised shares of Better Home & Finance to a "buy" rating in a research report on Wednesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Better Home & Finance currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.86.

Hedge Funds Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Whetstone Capital Advisors LLC acquired a new position in Better Home & Finance in the 2nd quarter valued at about $6,985,000. Mangrove Partners IM LLC acquired a new stake in Better Home & Finance during the 4th quarter worth approximately $623,000. Fifth Third Bancorp acquired a new stake in Better Home & Finance during the 1st quarter worth approximately $1,460,000. UBS Group AG grew its stake in shares of Better Home & Finance by 49.7% in the 4th quarter. UBS Group AG now owns 82,409 shares of the company's stock valued at $2,685,000 after purchasing an additional 27,356 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Better Home & Finance in the 2nd quarter valued at approximately $518,000. Hedge funds and other institutional investors own 20.94% of the company's stock.

Better Home & Finance Company Profile

Better Home & Finance Holding Company is a technology-driven homeownership platform that provides digital products and services intended to simplify the process of buying, financing and owning a home. Its platform connects consumers with mortgage lending, real estate and related homeownership services through an online experience.

The company's primary business is Better Mortgage, which offers residential home loans, including purchase mortgages and refinancing products. Better also operates services focused on real estate transactions and settlement, including Better Real Estate and Better Settlement Services.

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