Wall Street Zen cut shares of Better Home & Finance (NASDAQ:BETR – Free Report) from a sell rating to a strong sell rating in a report released on Saturday,Wall Street Zen reports.
Other equities research analysts have also issued reports about the stock. BTIG Research decreased their target price on shares of Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 10th. B. Riley Financial started coverage on Better Home & Finance in a research note on Wednesday. They issued a “buy” rating and a $26.00 price target on the stock. Cantor Fitzgerald lowered Better Home & Finance from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $32.00 to $16.00 in a report on Thursday, August 13th. CLSA upgraded Better Home & Finance to a “buy” rating in a research report on Wednesday. Finally, Northland Securities raised Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, July 9th. Eight 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.86.
Read Our Latest Research Report on Better Home & Finance
Better Home & Finance Price Performance
Better Home & Finance (NASDAQ:BETR – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.23). The business had revenue of $54.70 million during the quarter. Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%. On average, sell-side analysts anticipate that Better Home & Finance will post -7.2 earnings per share for the current year.
Insider Activity at Better Home & Finance
In other news, insider Chad Smith sold 3,307 shares of Better Home & Finance stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total transaction of $42,494.95. Following the transaction, the insider directly owned 1,693 shares of the company’s stock, valued at $21,755.05. The trade was a 66.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 27.72% of the stock is owned by company insiders.
Institutional Investors Weigh In On Better Home & Finance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BETR. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the 2nd quarter worth $29,000. Russell Investments Group Ltd. bought a new position in shares of Better Home & Finance in the third quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Better Home & Finance during the second quarter worth about $33,000. BNP Paribas Financial Markets purchased a new stake in shares of Better Home & Finance during the second quarter worth about $72,000. Finally, New York State Common Retirement Fund grew its position in shares of Better Home & Finance by 257.1% during the fourth quarter. New York State Common Retirement Fund now owns 2,500 shares of the company’s stock worth $81,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors 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.
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