Better Home & Finance Holding (NASDAQ:BETR) Director Prabhu Narasimhan Purchases 42,352 Shares of Stock

Better Home & Finance Holding (NASDAQ:BETR) Director Prabhu Narasimhan bought 42,352 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average cost of $14.10 per share, for a total transaction of $597,163.20. Following the completion of the transaction, the director now directly owns 59,915 shares of the company’s stock, valued at approximately $844,801.50. The trade was a 241.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Better Home & Finance Trading Down 2.4%

Shares of BETR opened at $13.40 on Wednesday. Better Home & Finance Holding has a twelve month low of $7.71 and a twelve month high of $30.00. The firm has a market capitalization of $203.28 million, a P/E ratio of -1.01 and a beta of 1.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 12.43. The stock’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $11.86.

Better Home & Finance (NASDAQ:BETR) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($2.81) EPS for the quarter. The firm had revenue of $24.98 million for the quarter. Better Home & Finance had a negative return on equity of 300.92% and a negative net margin of 187.29%.

Institutional Trading of Better Home & Finance

A hedge fund recently raised its stake in Better Home & Finance stock. Goldman Sachs Group Inc. grew its holdings in shares of Better Home & Finance Holding (NASDAQ:BETR) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,858 shares of the company’s stock after buying an additional 8,924 shares during the quarter. Goldman Sachs Group Inc. owned 1.94% of Better Home & Finance worth $3,207,000 at the end of the most recent quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

Better Home & Finance Company Profile

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.