Better Home & Finance (NASDAQ:BETR) Stock: Insider J. Calamari Nicholas Sells 765 Shares

Key Points

• Director J. Nicholas sold 765 Better Home & Finance shares at an average $18.11, worth about $13,854, reducing his stake by 1.11% to 67,852 shares.
• The company reported a quarterly loss of $1.93 per share, missing the $1.44 analyst estimate; revenue was $45.12 million. BETR shares fell 8.1% in Tuesday trading.
• Analysts’ average rating is “Moderate Buy”, with an average price target of $23.71, though some analysts recently lowered their targets.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) Director J. Nicholas sold 765 shares of the business's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $18.11, for a total value of $13,854.15. Following the transaction, the director directly owned 67,852 shares of the company's stock, valued at approximately $1,228,799.72. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

J. Calamari Nicholas also recently made the following trade(s):

• On Monday, October 19th, J. Nicholas sold 1,320 shares of Better Home & Finance stock. The stock was sold at an average price of $10.53, for a total transaction of $13,899.60.

Better Home & Finance Stock Down 8.1%

NASDAQ:BETR traded down $1.64 during mid-day trading on Tuesday, hitting $18.51. The stock had a trading volume of 561,319 shares, compared to its average volume of 1,132,685. The stock has a 50-day simple moving average of $13.85 and a two-hundred 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 posted its quarterly earnings results on Monday, November 9th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $45.12 million for the quarter. As a group, equities research analysts predict that Better Home & Finance Holding Company will post -7.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BETR shares. CLSA upgraded shares of Better Home & Finance to a "buy" rating in a research note on Wednesday, September 9th. Wall Street Zen cut Better Home & Finance from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 12th. BTIG Research cut their price target on Better Home & Finance from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday, October 12th. B. Riley Financial decreased their price target on Better Home & Finance from $26.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Zacks Research raised Better Home & Finance to a "hold" rating in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.71.

Institutional Trading of Better Home & Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC acquired a new stake in Better Home & Finance during the 2nd quarter worth $6,985,000. Fifth Third Bancorp purchased a new stake in Better Home & Finance in the first quarter valued at $1,460,000. Russell Investments Group Ltd. boosted its stake in Better Home & Finance by 14.9% in the third quarter. Russell Investments Group Ltd. now owns 4,778 shares of the company's stock valued at $53,000 after acquiring an additional 618 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Better Home & Finance in the third quarter valued at $306,000. Finally, State of Wyoming boosted its stake in Better Home & Finance by 210.4% in the third quarter. State of Wyoming now owns 9,494 shares of the company's stock valued at $104,000 after acquiring an additional 6,435 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company's stock.

Key Headlines Impacting Better Home & Finance

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

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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