Goldman Sachs Group Inc. Has $3.21 Million Stock Holdings in Better Home & Finance Holding Company $BETR

Goldman Sachs Group Inc. increased its stake in shares of Better Home & Finance Holding Company (NASDAQ:BETR) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,858 shares of the company’s stock after purchasing an additional 8,924 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.93% of Better Home & Finance worth $3,207,000 at the end of the most recent reporting period.

Separately, Brooklyn FI LLC bought a new position in Better Home & Finance in the 4th quarter valued at approximately $2,103,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Better Home & Finance

In related news, CAO J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $21.86, for a total value of $273,840.22. Following the completion of the sale, the chief accounting officer owned 9,451 shares of the company’s stock, valued at approximately $206,598.86. This trade represents a 57.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 23.59% of the company’s stock.

Better Home & Finance Stock Up 13.3%

Shares of BETR stock opened at $32.02 on Friday. The company has a market cap of $489.59 million, a price-to-earnings ratio of -2.42 and a beta of 1.58. Better Home & Finance Holding Company has a 52 week low of $7.71 and a 52 week high of $33.00. The firm has a 50 day moving average of $18.17 and a 200-day moving average of $14.55.

Better Home & Finance (NASDAQ:BETR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping the consensus estimate of ($2.27) by $0.28. The company had revenue of $44.14 million during the quarter, compared to the consensus estimate of $44.14 million. Better Home & Finance had a negative net margin of 153.25% and a negative return on equity of 1,105.80%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Better Home & Finance from a “sell” rating to a “hold” rating in a report on Saturday, September 13th.

Better Home & Finance 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.