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

Better Home & Finance Holding Company (NASDAQ:BETRGet Free Report) General Counsel Paula Tuffin sold 3,108 shares of the business’s stock in a transaction 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 transaction, the general counsel directly owned 40,931 shares in the company, valued at $505,907.16. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Better Home & Finance Stock Up 3.0%

Shares of BETR stock traded up $0.36 during mid-day trading on Monday, hitting $12.42. The stock had a trading volume of 391,895 shares, compared to its average volume of 501,207. Better Home & Finance Holding Company has a fifty-two week low of $11.11 and a fifty-two week high of $94.06. The company’s 50-day simple moving average is $16.55 and its 200-day simple moving average is $26.26.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research raised Better Home & Finance to a “hold” rating in a research note on Wednesday, July 29th. Northland Securities raised Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Thursday, July 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price objective on shares of Better Home & Finance in a research report on Tuesday, August 4th. Cantor Fitzgerald lowered shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $16.00 in a research report on Thursday, August 13th. Finally, B. Riley Financial began coverage on shares of Better Home & Finance in a report on Wednesday, September 9th. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Better Home & Finance has an average rating of “Moderate Buy” and an average target price of $27.86.

Read Our Latest Analysis on Better Home & Finance

About Better Home & Finance

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Better Home & Finance (NASDAQ:BETR)

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