Better Home & Finance (NASDAQ:BETR) General Counsel Sells 712 Shares of Stock

Key Points

• General Counsel Paula Tuffin sold 712 shares at an average $18.03, worth $12,837.36, reducing her holdings by 1.65% to 42,418 shares.
• Better Home & Finance reported a quarterly loss of $1.93 per share, worse than analysts’ $1.44 loss estimate, on revenue of $45.12 million.
• Analysts’ consensus rating is “Moderate Buy”, with a $23.71 average price target; BETR shares traded at $18.51 in Tuesday midday trading.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) General Counsel Paula Tuffin sold 712 shares of the business's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $18.03, for a total value of $12,837.36. Following the transaction, the general counsel directly owned 42,418 shares of the company's stock, valued at $764,796.54. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paula Tuffin also recently made the following trade(s):

• On Monday, October 19th, Paula Tuffin sold 1,225 shares of Better Home & Finance stock. The shares were sold at an average price of $10.48, for a total value of $12,838.00.
• On Thursday, September 17th, Paula Tuffin sold 3,108 shares of Better Home & Finance stock. The shares were sold at an average price of $12.36, for a total value of $38,414.88.

Better Home & Finance Stock Performance

BETR traded down $1.64 during midday trading on Tuesday, reaching $18.51. The company's stock had a trading volume of 561,319 shares, compared to its average volume of 1,132,685. The company has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $24.58. Better Home & Finance Holding Company has a twelve month low of $7.51 and a twelve month high of $65.32.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($1.93) EPS for the quarter, missing analysts' consensus estimates of ($1.44) by ($0.49). Better Home & Finance had a negative return on equity of 440.39% and a negative net margin of 92.56%. The business had revenue of $45.12 million for the quarter. On average, equities analysts forecast that Better Home & Finance Holding Company will post -7.98 earnings per share for the current year.

Wall Street Analyst Weigh In

BETR has been the subject of a number of research reports. BTIG Research reduced their price target on shares of Better Home & Finance from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, October 12th. Cantor Fitzgerald restated an "overweight" rating on shares of Better Home & Finance in a report on Wednesday, October 7th. Wall Street Zen downgraded shares of Better Home & Finance from a "sell" rating to a "strong sell" rating in a report on Saturday, September 12th. Zacks Research raised shares of Better Home & Finance to a "hold" rating in a research report on Wednesday, July 29th. Finally, Northland Securities set a $18.00 target price on shares of Better Home & Finance in a research note on Wednesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.71.

Better Home & Finance News Roundup

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
• Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
• Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Whetstone Capital Advisors LLC bought a new position in Better Home & Finance in the second quarter worth $6,985,000. Fifth Third Bancorp acquired a new stake in Better Home & Finance during the first quarter worth $1,460,000. Russell Investments Group Ltd. boosted its stake in Better Home & Finance by 14.9% during the third quarter. Russell Investments Group Ltd. now owns 4,778 shares of the company's stock worth $53,000 after buying an additional 618 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Better Home & Finance during the third quarter worth $306,000. Finally, State of Wyoming increased its holdings in Better Home & Finance by 210.4% in the 3rd quarter. State of Wyoming now owns 9,494 shares of the company's stock valued at $104,000 after buying an additional 6,435 shares during the period. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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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