Better Home & Finance (NASDAQ:BETR) Trading Down 8% – Should You Sell?

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price fell 8% on Wednesday . The company traded as low as $50.60 and last traded at $50.2260. 97,776 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 293,080 shares. The stock had previously closed at $54.57.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BETR shares. Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Northland Securities started coverage on Better Home & Finance in a research report on Monday, October 6th. They issued a “market perform” rating on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Better Home & Finance Stock Performance

The firm’s 50-day simple moving average is $57.47 and its 200 day simple moving average is $29.86. The company has a market cap of $765.50 million, a P/E ratio of -4.09 and a beta of 1.92.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Thursday, November 13th. The company reported ($2.14) earnings per share for the quarter, missing the consensus estimate of ($2.05) by ($0.09).

Insider Buying and Selling at Better Home & Finance

In other news, major shareholder Pbra, Llc sold 995,660 shares of Better Home & Finance stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $50.31, for a total value of $50,091,654.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO J. Calamari Nicholas sold 4,890 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $289,879.20. The SEC filing for this sale provides additional information. Insiders sold a total of 1,030,497 shares of company stock worth $51,504,973 over the last ninety days. 23.59% of the stock is currently owned by insiders.

Institutional Trading of Better Home & Finance

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in Better Home & Finance in the 2nd quarter valued at about $293,000. Brooklyn FI LLC bought a new position in Better Home & Finance in the 3rd quarter valued at about $202,000. Solstein Capital LLC raised its holdings in Better Home & Finance by 42.6% in the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock valued at $124,000 after acquiring an additional 661 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Better Home & Finance during the second quarter worth approximately $72,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

About Better Home & Finance

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.